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Kinder Morgan Partners (KMP +1.1%) boosts the size of its proposed expansion of the Trans...

Kinder Morgan Partners (KMP +1.1%) boosts the size of its proposed expansion of the Trans Mountain Pipeline by $1.3B to $5.4B after signing up more customers for the project aimed at carrying Canadian oil sands crude to the Pacific Coast. KMP says the expansion should result in pipeline capacity of 750K-890K bbl/day, up from the previously proposed 700K.
Comments (11)
  • hmm that seeems a bit lopsided doesn't it? an increase of 4.1 billion$$ for an approximate 50-190k bbl/day increase?
    10 Jan 2013, 03:42 PM Reply Like
  • I think it means From 4.1B to 5.4B. An increase OF 1.3B, not an increase from 1.3 to 5.4.
    10 Jan 2013, 03:52 PM Reply Like
  • up your right i sped read right through that... my mistake and my apologies

     

    mea culpa!
    10 Jan 2013, 04:01 PM Reply Like
  • Haha, I always have to read all of these types of things at least twice. Normally I get confused by "Changed the rating to Buy from Sell" or "From Buy to Sell"....
    10 Jan 2013, 04:03 PM Reply Like
  • The operative word is "proposed." Current capacity is 350K. This is upward of the proposal because the capacity is that much oversubscribed (Kinder does NOT build pipelines without 20 year contracts in place).
    10 Jan 2013, 03:47 PM Reply Like
  • oil me baby!
    10 Jan 2013, 07:03 PM Reply Like
  • The addition provides more support to get the project approved. It should be a slam dunk. This will be a huge money maker for Kinder Morgan.
    10 Jan 2013, 08:52 PM Reply Like
  • Will this increase Kinders 75,000 miles of pipelines?
    11 Jan 2013, 05:08 AM Reply Like
  • And the proposed Dnbridge pipeline is meeting native resistance....
    11 Jan 2013, 03:40 PM Reply Like
  • Enbridge pipeline from Alberta. (My fingers are as bad as my brain and tongue.)
    11 Jan 2013, 03:41 PM Reply Like
  • How much is the worth as per share income?
    11 Jan 2013, 04:53 PM Reply Like
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