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Kinder Morgan Canada Ltd (KML.TO)

KML.TO on Toronto Stock Exchange

16.87CAD
17 Aug 2018
Change (% chg)

$0.07 (+0.42%)
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Latest Key Developments (Source: Significant Developments)

Canadian regulator approves changes to Trans Mountain pipeline terminal
Saturday, 23 Jun 2018 

June 22 (Reuters) - Canada's National Energy Board said on Friday::CANADA'S NATIONAL ENERGY BOARD APPROVES APPLICATION TO ALTER PLANS FOR BURNABY TERMINAL OF TRANS MOUNTAIN OIL PIPELINE -NEB.CHANGES DESIGNED TO IMPROVE SAFETY AT TRANS MOUNTAIN PIPELINE END POINT -NEB.DECISION AS WELL AS TWO MORE ABOUT RISK ASSESSMENT, QUALITY MANAGEMENT ALLOW START OF CONSTRUCTION AT BURNABY TERMINAL -NEB.  Full Article

Kinder Morgan Canada - On June 14, Co's Unit Trans Mountain Pipeline L.P. Entered Into Non-Revolving, Unsecured Construction Credit Facilities
Saturday, 16 Jun 2018 

June 15 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA - ON JUNE 14, CO'S UNIT TRANS MOUNTAIN PIPELINE L.P. ENTERED INTO NON-REVOLVING, UNSECURED CONSTRUCTION CREDIT FACILITIES.KINDER MORGAN CANADA SAYS ENTERED INTO CREDIT FACILITIES PURSUANT TO CREDIT AGREEMENT OF UP TO C$1 BILLION - SEC FILING.KINDER MORGAN CANADA SAYS ENTERED INTO CREDIT AGREMENT OF UP TO C$1 BILLION TO FACILITATE RESUMPTION OF TMEP PLANNING AND CONSTRUCTION WORK.  Full Article

Kinder Morgan execs to stay with Canada-owned oil pipeline
Tuesday, 5 Jun 2018 

June 4 (Reuters) - Kinder Morgan Canada ::PRESIDENT IAN ANDERSON, VP DAVID SAFARI TO CONTINUE WORKING ON TRANS MOUNTAIN PIPELINE UNDER FEDERAL OWNERSHIP-REGULATORY FILING.ANDERSON, SAFARI TO BE PAID $1.5 MILLION RETENTION BONUSES, PAYABLE IN EQUAL PARTS ON JULY 2019, JULY 2020-REGULATORY FILING.  Full Article

Canada's Morneau: will listen to bidders on Trans Mountain pipeline in short-term
Wednesday, 30 May 2018 

May 30 (Reuters) - Kinder Morgan Canada Ltd ::CANADA'S MORNEAU: WILL LISTEN TO BIDDERS ON TRANS MOUNTAIN PIPELINE IN SHORT-TERM; SALE WILL DEPEND ON CERTAINTY OF GETTING IT BUILT.  Full Article

Canada PM says "there is a very strong business case" for the Kinder Morgan Canada expansion
Wednesday, 30 May 2018 

May 29 (Reuters) - Kinder Morgan Inc ::CANADA PM SAYS "THERE IS A VERY STRONG BUSINESS CASE" FOR THE KINDER MORGAN CANADA EXPANSION.CANADA PM TRUDEAU SAYS A LOT OF CHALLENGES TO A PIPELINE DISAPPEAR WHEN THE GOVERNMENT TAKES OVER CONTROL.CANADA PM TRUDEAU, WHEN ASKED WHETHER GOVERNMENT MIGHT NATIONALISE ANOTHER PIPELINE, SAYS WILL 'ALWAYS LOOK AT THINGS ON A CASE BY CASE BASIS'.  Full Article

B.C. Premier says will continue legal challenge to oil pipeline
Tuesday, 29 May 2018 

May 29 (Reuters) - Kinder Morgan Inc ::BRITISH COLUMBIA PREMIER JOHN HORGAN TELLS LOCAL RADIO STATION PROVINCE WILL CONTINUE WITH LEGAL REFERENCE CASE TO RESTRICT CRUDE OIL TO ITS COAST.B.C. PREMIER HORGAN SAYS DOESN'T MATTER WHO OWNS PIPELINE, CONCERNED WITH WHAT IS TRAVELLING IN PIPELINE - LOCAL RADIO.  Full Article

Kinder Morgan Canada looks to expand on remaining assets after Trans Mountain sale
Tuesday, 29 May 2018 

May 29 (Reuters) - Kinder Morgan Canada CEO Steve Kean, speaking on a conference call::KINDER MORGAN CANADA CEO SAYS WILL CONTINUE TO OWN COMPANY'S REMAINING ASSETS AFTER TRANS MOUNTAIN SALE, LOOKS TO EXPAND ON THEM.KINDER MORGAN CANADA CEO SAYS NO DECISION MADE ON USE OF PROCEEDS FROM TRANS MOUNTAIN SALE.KINDER MORGAN CANADA CEO SAYS INTERESTED IN ACQUIRING CANADA MIDSTREAM ASSETS THAT FIT.  Full Article

Kinder Morgan Says Trans Mountain Pipeline System & Expansion Project to Be Sold for C$4.5 Billion
Tuesday, 29 May 2018 

May 29 (Reuters) - Kinder Morgan Inc ::TRANS MOUNTAIN PIPELINE SYSTEM AND EXPANSION PROJECT TO BE SOLD FOR C$4.5 BILLION.KINDER MORGAN INC - AGREED TO WORK WITH GOVERNMENT OF CANADA TO SEEK A THIRD PARTY BUYER FOR TRANS MOUNTAIN PIPELINE SYSTEM AND TMEP THROUGH JULY 22, 2018.KINDER MORGAN INC - KMI 2018 DCF GUIDANCE AFFIRMED.KINDER MORGAN - GOVERNMENT OF CANADA AGREED TO FUND RESUMPTION OF TMEP PLANNING & CONSTRUCTION WORK BY GUARANTEEING TMEP'S ADVANCES.KINDER MORGAN - PARTIES EXPECT TO CLOSE DEAL LATE IN Q3 OR EARLY IN Q4 OF 2018.KINDER MORGAN INC - FOR KMI STILL EXPECT TO MEET OR EXCEED 2018 DISTRIBUTABLE CASH FLOW PER SHARE TARGET.KINDER MORGAN INC - CONTINUE TO EXPECT A 2018 ANNUALIZED DIVIDEND OF $0.80 PER SHARE, FOLLOWED BY $1.00 PER SHARE IN 2019 AND $1.25 PER SHARE IN 2020.KINDER MORGAN - DEAL WILL HAVE POSITIVE IMPACT ON CONSOL BALANCE SHEET, EXPECT KMI'S ABOUT 70 PERCENT SHARE OF AFTER TAX PROCEEDS TO BE ABOUT US$2.0 BILLION.KINDER MORGAN - GOVERNMENT OF CANADA AGREED TO FUND RESUMPTION OF TMEP PLANNING & CONSTRUCTION WORK UNDER SEPARATE FEDERAL GOVERNMENT RECOURSE CREDIT FACILITY UNTIL DEAL CLOSES.KINDER MORGAN INC - KINDER MORGAN CANADA LIMITED BOARD AGREED TO PURCHASE OF TRANS MOUNTAIN PIPELINE SYSTEM & EXPANSION PROJECT BY GOVERNMENT OF CANADA.  Full Article

Canadian government says will buy Kinder Morgan's Trans Mountain pipeline expansion
Tuesday, 29 May 2018 

May 29 (Reuters) - Kinder Morgan Canada Ltd ::CANADIAN GOVERNMENT SAYS WILL BUY KINDER MORGAN'S TRANS MOUNTAIN PIPELINE EXPANSION PROJECT FOR C$4.5 BILLION.CANADIAN GOVERNMENT SAYS TRANSACTION IS EXPECTED TO CLOSE IN AUG 2018.CANADIAN GOVERNMENT SAYS DEAL INCLUDES RELATED PIPELINE AND TERMINAL ASSETS.CANADIAN GOVERNMENT SAYS DOES NOT INTEND TO BE LONG TERM OWNER OF THIS PROJECT; AT APPROPRIATE TIME, WILL WORK TO TRANSFER PROJECT TO NEW OWNERS.CANADIAN GOVERNMENT SAYS OFFERING FEDERAL LOAN GUARANTEES TO ENSURE CONSTRUCTION CONTINUES THROUGH 2018 SEASON.CANADIAN GOVERNMENT SAYS PROVINCE OF ALBERTA WILL ALSO CONTRIBUTE TO GET PROJECT BUILT; ALBERTA'S CONTRIBUTION WOULD ACT AS EMERGENCY FUND.  Full Article

Canadian court dismisses some legal challenges of Trans Mountain pipeline
Friday, 25 May 2018 

May 24 (Reuters) - British Columbia's Supreme Court dismissed on Thursday legal challenges against the B.C. government over environment certificates it awarded Kinder Morgan Canada Ltd's Trans Mountain oil pipeline::ALBERTA PREMIER SAYS B.C. SUPREME COURT DISMISSAL OF SOME LEGAL CHALLENGES TO TRANS MOUNTAIN PIPELINE MOVES PROJECT A STEP FORWARD.B.C. SUPREME COURT DISMISSED CHALLENGES BY CITY OF VANCOUVER AND SQUAMISH FIRST NATION OF B.C. ENVIRONMENT CERTIFICATE - DOCUMENTS.  Full Article