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Stock Market & Financial Investment News

News Breaks
February 28, 2013
16:42 EDTCPNO, KMPCopano Energy backs 2013 adjusted EBITDA view $300M-$330M
Total distributable cash flow unchanged from previous guidance at $220M-$240M. Common unit distribution to remain at $0.575 per quarter due to merger agreement with Kinder Morgan Energy Partners (KMP). Expansion capital expenditures to increase to $400M-$450M compared to previous guidance of $250M-$300M primarily due to addition of the DK pipeline loop, a 65-mile, $100M project to loop the DK pipeline from DeWitt County to Copano's Houston Central complex, as well as other new capital projects in Texas and Oklahoma.
News For CPNO;KMP From The Last 14 Days
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September 30, 2014
17:47 EDTKMPKinder Morgan Energy announces extension of Palmetto Project open season
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September 29, 2014
10:02 EDTKMPKinder Morgan announces NOVA Chemicals as anchor shipper for Utopia project
Kinder Morgan Energy Partners announced it has received a long-term transportation agreement from NOVA Chemicals Corporation to transport ethane and ethane-propane mixtures from the prolific Utica shale area through its previously announced Utica To Ontario Pipeline Access project, which is currently in a binding open season that began Sept. 5, 2014, and will close on Oct. 6, 2014. As part of the UTOPIA project, Kinder Morgan Cochin will develop, construct, own and operate a 240-mile, 12-inch diameter pipeline from Harrison County, Ohio, to Kinder Morganís Cochin Pipeline near Riga, Michigan, where the company would then move product eastward to Windsor, Ontario, Canada. UTOPIA would have an initial 50,000 barrels per day of capacity, which is expandable to more than 75,000 bpd. The approximately $500M pipeline project is expected to be in service by early 2018 with the receipt of timely permitting and regulatory approvals.
September 19, 2014
12:39 EDTKMPKinder Morgan spends over $1.5B for hub construction, Reuters says
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