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Stock Market & Financial Investment News

News Breaks
December 20, 2013
13:03 EDTKMP, IMOKinder Morgan Energy, Imperial Oil to build Edmonton crude oil rail terminal
Kinder Morgan Energy Partners L.P. (KMP) and Imperial Oil (IMO) announced a 50-50 joint venture to build a crude oil rail-loading facility in Strathcona County, Alberta, called the Edmonton Rail Terminal. The facility will be built on heavy industrial-zoned land approximately one-half kilometer southwest of Kinder Morganís Edmonton storage terminal, on land adjacent to Imperialís Strathcona Refinery. The Edmonton Rail Terminal is currently being designed as a crude oil loading terminal capable of loading one to three unit trains per day totaling 100,000 barrels per day at startup, with the potential to expand to approximately 210,000 barrels per day, and ultimately to 250,000 barrels per day. The new rail terminal will be connected via pipeline to Kinder Morganís tank facility and will be capable of sourcing all crude streams handled by Kinder Morgan for delivery by rail to North American markets and refineries. The rail terminal will be constructed and operated by Kinder Morgan and will connect to both Canadian National and Canadian Pacific mainlines. Imperial Oil will be the base load customer and has subscribed for the start-up capacity through a long-term contract. The partners are now actively marketing possible expansion capacity to potential third-party customers. Investment by the joint venture partners for the rail terminal will total approximately $170M. In addition, Kinder Morgan will invest approximately $100M in pipeline connections and two new staging tanks to be constructed within the Kinder Morgan Edmonton storage facility. Construction is now underway and completion is scheduled for December 2014.
News For KMP;IMO From The Last 14 Days
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April 17, 2014
09:59 EDTIMOOn The Fly: Analyst Downgrade Summary
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09:26 EDTIMOImperial Oil downgraded to Sell from Hold at Desjardins
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April 16, 2014
18:26 EDTKMPKinder Morgan Energy reports Q1 EPS 67c, consensus 73c
Reports Q1 revenue $3.65B, consensus $3.41B.
16:13 EDTKMPKinder Morgan Energy raises distribution to $1.38 from $1.36
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15:17 EDTKMPNotable companies reporting after market close
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April 14, 2014
08:40 EDTKMPKinder Morgan's TGP awards 100% of capacity for Broad Run to Antero Resources
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April 11, 2014
07:18 EDTKMPHuntington Ingalls conducts study with Kinder Morgan
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