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News Breaks | | | | January 16, 2013 | | 08:02 EDT |  | SU, KMI | Suncor battles Kinder Morgan over pipeline pricing, Globe and Mail reports
Suncor Energy (SU) is battling the Canadian unit of Kinder Morgan Inc. (KMI), which is seeking approval for a $5.4B expansion of its Trans Mountain pipeline, over prices, reports the Globe and Mail. Major oil companies want to ship to the west coast to take advantage of higher prices on world markets than they can get by shipping to refineries in the U.S. Midwest and Southeast. But some of them are balking at the price, or tolls, which they say would allow Kinder Morgan to earn returns on the project that are far above its historical 7% to 12%. Reference Link | |
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News For SU;KMI From The Last 14 Days Check below for free stories on SU;KMI the last two weeks. |
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| May 15, 2013 | | 17:46 EDT |  | SU | SAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), . | | | May 13, 2013 | | 16:57 EDT | | KMI | Kinder Morgan raises FY13 dividend to $1.60 per share from $1.57 per share
Kinder Morgan announced an increase in its projections for Kinder Morgan (KMI) and Kinder Morgan Energy Partners (KMP) primarily based on projected contributions from the Copano Energy acquisition, which closed on May 1. KMI now expects to declare dividends of $1.60 per share up from its published annual budget of $1.57 per share, which represents an increase of approximately 14% over its 2012 declared distribution of $1.40 per share. KMP now expects to declare cash distributions of $5.33 per unit, up from its 2013 published annual budget of $5.28 per unit, which represents a 7% increase over its 2012 declared distribution of $4.98 per unit. | | | May 8, 2013 | | 09:41 EDT |  | SU | Suncor has a conference call hosted by JPMorgan
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