We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Kinder Morgan Shows Interest to Construct Express Pipeline
Read MoreHide Full Article
Kinder Morgan, Inc. (KMI - Free Report) has announced its intention to invest in the Gulf Coast Express Pipeline Project as majority of the pipeline transportation capacity has been booked by the shippers.
The shippers have already committed to utilize 85% of the pipeline’s capacity for transporting natural gas. Per the company’s expectation, the shippers will book the rest of the transportation capacity by the initial phase of 2018. Investors should know that Apache Corporation (APA - Free Report) , Pioneer Natural Resources Company , DCP Midstream, LP and Targa Resources Corp. (TRGP - Free Report) are among the shippers.
The to-be built pipeline project — worth $1.7 billion — will probably have the capacity to carry roughly 1.92 billion cubic feet of natural gas daily to the Texas Gulf Coast area from the Permian Basin. The pipeline, which awaits regulatory consents, is likely to commence operation by October 2019. It is to be noted that Kinder Morgan is likely to start construction by the first quarter of next year. With the operatorship of the project, Kinder Morgan will have 50% stake. Meanwhile, each of Targa Resources and DCP Midstream will probably own 25% stake.
Texas-based Kinder Morgan has the largest network of natural gas pipeline in North America that spreads over almost 70,000 miles. Notably, the company’s midstream properties are linked to all the prospective plays in the United States that are rich in natural gas. These extensive pipeline networks, for which billions of dollars has been invested to date, have been providing the company with stable fee-based revenues.
However, the stock fell 12.8% year to date, wider than the industry’s 0.7% decline.
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Kinder Morgan Shows Interest to Construct Express Pipeline
Kinder Morgan, Inc. (KMI - Free Report) has announced its intention to invest in the Gulf Coast Express Pipeline Project as majority of the pipeline transportation capacity has been booked by the shippers.
The shippers have already committed to utilize 85% of the pipeline’s capacity for transporting natural gas. Per the company’s expectation, the shippers will book the rest of the transportation capacity by the initial phase of 2018. Investors should know that Apache Corporation (APA - Free Report) , Pioneer Natural Resources Company , DCP Midstream, LP and Targa Resources Corp. (TRGP - Free Report) are among the shippers.
The to-be built pipeline project — worth $1.7 billion — will probably have the capacity to carry roughly 1.92 billion cubic feet of natural gas daily to the Texas Gulf Coast area from the Permian Basin. The pipeline, which awaits regulatory consents, is likely to commence operation by October 2019. It is to be noted that Kinder Morgan is likely to start construction by the first quarter of next year. With the operatorship of the project, Kinder Morgan will have 50% stake. Meanwhile, each of Targa Resources and DCP Midstream will probably own 25% stake.
Texas-based Kinder Morgan has the largest network of natural gas pipeline in North America that spreads over almost 70,000 miles. Notably, the company’s midstream properties are linked to all the prospective plays in the United States that are rich in natural gas. These extensive pipeline networks, for which billions of dollars has been invested to date, have been providing the company with stable fee-based revenues.
However, the stock fell 12.8% year to date, wider than the industry’s 0.7% decline.
Consequently, Kinder Morgan carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>