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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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March 4, 2015
06:29 EDTKMPKinder Morgan Trans Mountain pipeline expansion meets opposition, WSJ says
Kinder Morgan's $4.3B proposal to burrow through Burnaby Mountain is encountering opposition in nearby Vancouver, reports the Wall Street Journal. Kinder's proposed expansion would triple the capacity of the Trans Mountain pipeline and allow Alberta oil sands producer to move 890,000 BPD, while Kinder says it is already planning to increase crude oil shiploads to foreign markets to 34 ships per month. The company plans to start construction in 2016 and complete the project by late 2017, though the expansion is still being reviewed by Canadian regulators who aren't expected to issue a verdict until early 2016. Reference Link

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