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Stock Market & Financial Investment News

News Breaks
March 1, 2013
10:47 EDTKMP, KMI, EPB, KMRKinder Morgan Energy increases ownership stake in El Paso Natural Gas pipeline
Kinder Morgan Energy Partners (KMP has completed the previously announced acquisition of 50% of El Paso Natural Gas Company, L.L.C. and 50% of former El Paso Midstream assets in Utah and South Texas from Kinder Morgan, Inc. (KMI). The transaction has a total value of approximately $1.655B, including approximately $560M of proportional debt at EPNG. The transaction is expected to be immediately accretive to cash available for distribution to KMP unitholders. KMP now owns 100% of both EPNG and the midstream assets. The transaction, which closed and is effective March 1, was approved by the independent boards of both KMI and Kinder Morgan Management, L.L.C. (KMR).
News For KMP;KMI;EPB;KMR From The Last 14 Days
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October 24, 2014
10:03 EDTKMPOn The Fly: Analyst Downgrade Summary
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07:50 EDTKMPKinder Morgan Energy downgraded to Hold from Buy at Argus
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07:34 EDTKMPNEB prevents City of Burnaby from blocking Trans Mountain
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October 21, 2014
07:26 EDTKMPKinder Morgan pipeline faces opposition from native tribes, Reuters says
Kinder Morgan's plans for a Canadian pipeline expansion worth $4.8B is now up against lawsuits from indigenous communities who are aiming to use the courts to hinder the proposed oil pipeline, according to Reuters, citing comments from Grand Chief of the Union of British Columbia Indian Chiefs Stewart Phillip. Reference Link

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