|Bid||0.00 x 3100|
|Ask||0.00 x 4000|
|Day's Range||20.09 - 20.46|
|52 Week Range||14.62 - 21.50|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||22.19|
|Earnings Date||Jan 14, 2020 - Jan 20, 2020|
|Forward Dividend & Yield||1.00 (4.95%)|
|1y Target Est||22.00|
The U.S. crude benchmark marked the highest settlement since September after the OPEC+ group announced cutting output by as much as 500,000 barrels per day from Jan 1 for three months.
CALGARY , Dec. 10, 2019 /CNW/ - Kinder Morgan Canada Limited (KML.TO) today announced that holders (Voting Shareholders) of KML restricted voting shares and special voting shares (collectively, Voting Shares) and holders (Preferred Shareholders) of KML cumulative redeemable minimum rate reset preferred shares, series 1 and 3 (collectively, Preferred Shares), have voted to approve the proposed acquisition of KML's outstanding common equity by Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) (Pembina) by way of a statutory arrangement under the Business Corporations Act ( Alberta ) (Arrangement) at the special meetings of Voting Shareholders and Preferred Shareholders, respectively, each held on December 10, 2019 in Calgary, Alberta . At the special meeting of Voting Shareholders, a total of 20,983,799 restricted voting shares and 81,353,820 special voting shares were voted in person and by proxy, representing 88.00 percent of KML's issued and outstanding Voting Shares.
As the bull market sails past its first decade, value-minded investors worry that there are few bargains left. But there are, if you're willing to wade into the oil patch. The big problem is finding the courage. Even some of the best energy stocks have suffered recent returns reminiscent of the Deepwater Horizon.Oil-focused stocks naturally are subject to the price of oil, which depends, in part, on Middle East politics, the global economy and U.S. driving habits. Oil prices (as well as natural gas and other energy sources) also depend on supply, and oil has been plentiful, thanks to the revolution in fracking.Over the past 12 months, West Texas intermediate crude oil has seen its price fall to about $57 from $74 a year earlier. This is particularly bad for energy stocks that explore and drill for oil, known as upstream companies. For companies that refine oil into gasoline and other products, however, lower prices can be good, since oil is a cost to them, rather than a product.Will the energy sector find relief in 2020? So far, the experts aren't hopeful. The International Agency Energy says that oil supplies could be rich once again thanks to a pickup in production and tepid growth in demand. That bodes poorly for prices.If you're still willing to brave a potentially difficult sector, however, here are 10 of the best energy stocks to buy for 2020. SEE ALSO: 20 Dividend Stocks to Fund 20 Years of Retirement
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
U.S. pipeline operator Kinder Morgan Inc on Thursday said it expects core earnings to increase slightly next year and signaled it would move to cut its debt load and increase its dividend. Investors this year have pushed U.S. oil and gas pipeline companies to improve their financial health and deliver positive free cash flow. Low energy prices have pressured pipeline earnings and some projects have stalled as U.S. shale drillers idled rigs.
Houston-based Kinder Morgan Inc. (NYSE: KMI) plans to spend about $2.4 billion on expansion projects and joint ventures in 2020, according to a press release. As of the end of the third quarter, Kinder Morgan had $4.1 billion in capital projects on its backlog, and it plans to spend between $2 billion and $3 billion each year on organic investment opportunities, according to a November presentation to its shareholders. The company also expects to sell its Canadian subsidiary and an associated pipeline to Calgary-based Pembina Pipeline Corp. (NYSE: PBA) for $2.5 billion by the first half of 2020.
Kinder Morgan, Inc. (NYSE: KMI) today announced its preliminary financial projections for 2020. KMI remains committed to maintaining a strong balance sheet, investing in attractive projects, and returning value to its shareholders. Further, as was demonstrated with the sale of the TransMountain system in 2018 and the pending sale of Kinder Morgan Canada Limited (TSX: KML) in 2019, KMI continues to consider attractive divestitures when they strengthen the balance sheet and improve shareholder value.
CALGARY , Dec. 4, 2019 /CNW/ - Kinder Morgan Canada Limited (KML.TO) reminds shareholders that the deadline to vote on the previously announced transaction (the Arrangement) with Pembina Pipeline Corporation (Pembina) is fast approaching. Holders of Restricted Voting Shares and Special Voting Shares (together, the Voting Shareholders) must submit their votes by 9 a.m. ( Calgary time) on December 6, 2019 and holders of KML preferred shares (Preferred Shareholders) must submit their votes by 10 a.m. ( Calgary time) on December 6, 2019 . The special meetings of Voting Shareholders and Preferred Shareholders to approve the Arrangement are scheduled for 9 a.m. ( Calgary time) and 10 a.m. ( Calgary time), respectively, on December 10, 2019 .
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
The chip giant’s newest director Jim Goetz bought millions of dollar more of stock. Energy-infrastructure firm Kinder Morgan co-founder Richard Kinder and director Fayez Sarofim scooped up shares.
CALGARY , Nov. 26, 2019 /CNW/ - Kinder Morgan Canada Limited (KML.TO) is pleased to announce that leading independent proxy advisory firms Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. (Glass Lewis) have recommended that the holders of KML's restricted voting shares and special voting shares (together, the Voting Shareholders) vote in favour of the proposed acquisition of KML's outstanding common equity by Pembina Pipeline Corporation (Pembina) by way of a statutory arrangement under the Business Corporations Act ( Alberta ) (the Arrangement). The special meetings of Voting Shareholders and holders of KML preferred shares (Preferred Shareholders) to approve the Arrangement are scheduled for December 10, 2019 .
CALGARY , Nov. 20, 2019 /CNW/ - Kinder Morgan Canada Limited (KML.TO) today announced that it and Pembina Pipeline Corporation (Pembina) have received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the proposed acquisition of KML's outstanding common equity by Pembina by way of a statutory arrangement under the Business Corporations Act ( Alberta ) (the Arrangement). The Arrangement is expected to close in December 2019 , subject to approval of the Arrangement by the holders of KML's restricted voting shares and special voting shares at the special meeting scheduled for Tuesday, December 10, 2019; receipt of the final order of the Court of Queen's Bench of Alberta at the application scheduled for the same date; the concurrent completion of the sale of the U.S.-regulated Cochin pipeline system from Kinder Morgan , Inc. to Pembina; and, satisfaction of other customary closing conditions.
The energy sector consists of stocks related to the production and supply of energy around the world. The sector includes upstream firms that are involved in the exploration and production of oil or gas reserves, such as EOG Resources Inc. (EOG). Also in the sector are downstream companies that refine and process oil and gas products for delivery to consumers, including HollyFrontier Corp. (HFC).
Kinder Morgan (KMI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.