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Stock Market & Financial Investment News

News Breaks
February 13, 2013
13:35 EDTCHSCP, SE, KMPCHS unit to invest $15M in Express Pipeline connection
CHS Inc. (CHSCP) announced it will build a seven-mile connection in central Montana to link its Front Range Crude Oil pipeline with the Kinder Morgan Express Pipeline. Kinder Morgan-Canada and Front Range Pipeline, a wholly owned CHS subsidiary, will construct storage, pipeline, and other associated equipment needed to connect the Express Pipeline to the Front Range Pipeline near Buffalo, Mont. Front Range Pipeline will invest about $15M in the connecting pipeline and associated equipment. Pending permitting and other approvals, the project is expected to begin this summer with completion estimated for fall 2014. Kinder Morgan Energy Partners (KMP), along with its partners entered into a definitive agreement to sell 100% of the Express Pipeline System to Spectra Energy (SE). The transaction is subject to customary consents and regulatory approvals and is expected to close in 1H.
News For CHSCP;KMP;SE From The Last 14 Days
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March 4, 2015
06:29 EDTKMPKinder Morgan Trans Mountain pipeline expansion meets opposition, WSJ says
Kinder Morgan's $4.3B proposal to burrow through Burnaby Mountain is encountering opposition in nearby Vancouver, reports the Wall Street Journal. Kinder's proposed expansion would triple the capacity of the Trans Mountain pipeline and allow Alberta oil sands producer to move 890,000 BPD, while Kinder says it is already planning to increase crude oil shiploads to foreign markets to 34 ships per month. The company plans to start construction in 2016 and complete the project by late 2017, though the expansion is still being reviewed by Canadian regulators who aren't expected to issue a verdict until early 2016. Reference Link

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