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Stock Market & Financial Investment News

News Breaks
February 21, 2013
09:02 EDTKMPKinder Morgan invests in new crude by rail project at Houston terminals
Kinder Morgan Energy Partners (KMP) announced KW Express LLC, a partnership between KMP and Watco Companies, has entered into a long-term agreement with Mercuria Energy Trading Company Inc., to construct a 210,000 barrel per day crude by rail project at the Greens Port Industrial Park on the Houston Ship Channel. The project will allow Mercuria Energy Trading, Inc. to source crude from various origination locations including Cushing, Okla., West Texas, the Bakken shale area and western Canada for delivery by rail into the Houston Ship Channel for distribution to various refiners via pipeline and barges. The facility will have the capability to unload and load up to three unit trains per day of crude oil and condensate as well as provide for up to 100,000 bpd of barge loading capacity. KW Express will own 85% of the project and, together with Watco, construct and operate the project once completed. Mercuria will own the remaining 15% interest of the project.
News For KMP 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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