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Canada government ready to cover some Kinder Morgan pipeline losses

OTTAWA (Reuters) - Canada is prepared to cover any losses Kinder Morgan Canada Ltd might suffer if a proposed oil pipeline expansion continues to be delayed by political opposition, Finance Minister Bill Morneau said on Wednesday......»»

Category: topSource: reutersMay 16th, 2018

Canada ready to cover Kinder Morgan loss, sees outside interest

OTTAWA (Reuters) - Canada is prepared to cover some losses Kinder Morgan Canada Ltd might suffer if a proposed oil pipeline expansion is delayed and thinks other investors are ready to step in if need be, Finance Minister Bill Morneau said on Wednesday......»»

Category: topSource: reutersMay 16th, 2018

Canada govt ready to indemnify Kinder Morgan pipeline project

OTTAWA (Reuters) - The Canadian government is prepared to financially shield Kinder Morgan Canada Ltd's proposed Trans Mountain pipeline expansion against unnecessary delays that are politically motivated, Finance Minister Bill Morneau said on Wednesday......»»

Category: topSource: reutersMay 16th, 2018

Canadian Court Halts Work on Trans Mountain Pipeline as Kinder Morgan Gets Paid

Canada's Federal Appeals Court on Thursday ruled in favor of indigenous and environmental groups to halt work on the Trans Mountain oil pipeline expansion project that the government had purchased in........»»

Category: blogSource: 247wallstAug 31st, 2018

How Kinder Morgan won a bailout on Canada pipeline

U.S. energy firm Kinder Morgan's C$4.5 billion sale of an oil pipeline to Canada's government marked an extraordinary escape from months of fraught negotiations among warring camps of Canadian officials......»»

Category: topSource: moneycentralMay 30th, 2018

How Kinder Morgan won a billion-dollar bailout on Canada pipeline

OTTAWA/HOUSTON (Reuters) - U.S. energy firm Kinder Morgan's C$4.5 billion sale of an oil pipeline to Canada's government marked an extraordinary escape from months of fraught negotiations among warring camps of Canadian officials......»»

Category: topSource: reutersMay 30th, 2018

Canada to Buy Kinder Morgan Pipeline for $3.5 Billion

Canada took the extraordinary step to pony up billions to buy a pipeline project the government says is vital for the country’s economic future but was on the brink of collapse due to regional opposition......»»

Category: smallbizSource: wsjMay 29th, 2018

Canada to buy Kinder Morgan oil pipeline in bid to save project

OTTAWA/WINNIPEG (Reuters) - Canada will buy Kinder Morgan Canada Ltd's Trans Mountain pipeline for C$4.5 billion ($3.5 billion), the government said on Tuesday, hoping to save a project that faces formidable political and environmental opposition......»»

Category: topSource: reutersMay 29th, 2018

Canada to buy Kinder Morgan pipeline in bid to save project

OTTAWA/WINNIPEG (Reuters) - Canada will buy Kinder Morgan Canada Ltd's Trans Mountain pipeline for C$4.5 billion ($3.5 billion), the government said on Tuesday, in hopes of saving the project that faces formidable political and environmental opposition......»»

Category: topSource: reutersMay 29th, 2018

Canada Buys Kinder Morgan’s Trans Mountain Pipeline System

Kinder Morgan's Canadian subsidiary has sold the troubled Trans Mountain pipeline system and expansion project to Canada's federal government. The government plans to sell the assets as soon as it........»»

Category: blogSource: 247wallstMay 29th, 2018

Canada to buy Kinder Morgan pipeline system and expansion project for $3.46B

Houston-based Kinder Morgan Inc. (NYSE: KMI) announced May 29 that the government of Canada will buy the company’s Trans Mountain Pipeline system and expansion project for $3.46 billion. The deal is expected to close late in the third quarter o.....»»

Category: topSource: bizjournalsMay 29th, 2018

Doubts grow over Kinder Morgan"s oil pipe expansion

As a hard deadline set by Kinder Morgan Canada Ltd for scrapping a key pipeline expansion looms, there is growing doubt among investors, contractors and government officials about reaching a deal to save the C$7.4 billion project......»»

Category: topSource: moneycentralMay 27th, 2018

The Wall Street Journal: Canada set to repay Kinder Morgan for Trans Mountain pipeline losses

In a bid to protect Canada’s reputatio.....»»

Category: topSource: marketwatchMay 16th, 2018

Canada says it will cover losses in bid to get pipeline done

Canada's finance minister says the federal government will cover any losses a pipeline builder might suffer if British Colombia's provincial government continues to obstruct the Trans Mountain pipeline expansion......»»

Category: topSource: foxnewsMay 16th, 2018

Investors back Kinder Morgan Canada"s Trans Mountain move

BENGALURU (Reuters) - Kinder Morgan Canada shareholders on Tuesday backed the pipeline operator's decision to pause most work on its Trans Mountain expansion as a way to force the Canadian government to give final approval for the project......»»

Category: topSource: reutersApr 10th, 2018

Canada explores options as Kinder Morgan halts pipeline work

MONTREAL/BENGALURU (Reuters) - The Canadian government on Monday said it was .....»»

Category: topSource: reutersApr 9th, 2018

Kinder Morgan Canada shareholders approve sale of Trans Mountain Pipeline

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallAug 30th, 2018

Why Short Sellers Piled On Kinder Morgan

Short interest in Kinder Morgan rose by more than a third in the reporting period ended July 31. While the company and the Canadian government appear determined to close on the sale of a pipeline........»»

Category: blogSource: 247wallstAug 10th, 2018

Kinder Morgan to pay down $2B debt after Trans Mountain sale

Houston-based Kinder Morgan Inc. (NYSE: KMI) plans to use the proceeds from the sale of its Trans Mountain pipeline and expansion project to pay down debt. The company’s Canadian subsidiary, Kinder Morgan Canada (TSE: KML) is in the midst of a $3.4.....»»

Category: topSource: bizjournalsJul 19th, 2018

Kinder Morgan"s TransMountain Sale Triggers Bernstein Upgrade

Kinder Morgan Inc (NYSE: KMI) announced the sale in May of its TransMountain Pipeline system and expansion project to the Canadian government for the U.S. dollar equivalent of $3.38 billion. Latest Ratings for KMI DateFir.....»»

Category: blogSource: benzingaJun 26th, 2018

Canada to buy Kinder Morgan"s Trans Mountain pipeline

Th.....»»

Category: topSource: moneycentralMay 29th, 2018