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Stock Market & Financial Investment News

News Breaks
February 24, 2014
09:59 EDTKMPKinder Morgan Energy drops after Barron's weekend piece, levels to watch
A piece in Barron's over the weekend highlighted potential events, notably cuts in distribution, which could negatively impact share price. Deutsche Bank defended the stock noting that it considered the report to contain "old inaccuracies". Share price is own over 5% to $74.45 at time of writing. At that price, next support is at $73.25, the session low. Resistance is at $75.95, the session high. Share price is down over 13% during the last 52 weeks in a pronounced downtrend.
News For 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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September 17, 2014
17:09 EDTKMPTGP offers Maine long-term contract for natural gas pipeline capacity
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