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January 16, 2013
08:02 EDTSU, KMISuncor 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
News For SU;KMI From The Last 14 Days
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July 31, 2014
05:38 EDTSUSuncor reports Q2 EPS 77c, consensus $1.01
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05:31 EDTSUSuncor raises quarterly dividend to 28c per share from 23c per share
Suncor Energy's board has approved an increase in the company's quarterly dividend to 28c per share on its common shares, from the previous level of 23c per share. The dividend is payable September 25, to shareholders of record at the close of business on September 4.
July 28, 2014
16:00 EDTKMIOptions Update; July 28, 2014
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