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Kinder Morgan's Trans Mountain May Get Alberta's Assistance
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Kinder Morgan Canada Limited, an indirect subsidiary of Kinder Morgan, Inc. (KMI - Free Report) , will likely get financial assistance from Alberta for the struggling Trans Mountain expansion project, per Reuters.
The responses from Alberta came after Kinder Morgan recently announced that there are chances that the expansion project will be dumped if the legal battles are not settled by May 31.
The federal government of Canada continues to lend full support for the expansion. This convinced Premier Rachel Notley to take into account several financial alternatives to support the expansion development. Reuters added that Alberta might also consider outright purchase of the pipeline if the situation arises.
However, it is not clear whether Alberta government will utilize public funds for financing both the expansion development and the existing businesses of the Trans Mountain pipeline, Reuters claimed.
Investors should know that the Trans Mountain pipeline is involved in carrying liquids to Vancouver, British Columbia from Alberta at a rate of 300,000 barrels per day (bpd). The highly demanded C$7.4 billion expansion plan of the pipeline was permitted by the Canadian government on late 2016. The expansion will likely boost the pipeline’s transportation capacity to as high as 890,000 bpd.
Headquartered in Houston, TX, Kinder Morgan is among the leading North American energy infrastructure players.
However, the stock has lost 27.9% over the past year, underperforming the industry’s 18.4% decline.
Presently, the firm carries a Zacks Rank #3 (Hold). Meanwhile, better-ranked players in the energy space include Antero Resources Corp. (AR - Free Report) , Continental Resources, Inc. and Northern Oil and Gas, Inc. (NOG - Free Report) . All the stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Antero Resources is expected to witness year-over-year earnings growth of 303% in 2018.
Continental has an average positive earnings surprise of 64.9% for the last three quarters.
Northern Oil and Gas will likely see a year-over-year rise of 200% in 2018 earnings.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Image: Bigstock
Kinder Morgan's Trans Mountain May Get Alberta's Assistance
Kinder Morgan Canada Limited, an indirect subsidiary of Kinder Morgan, Inc. (KMI - Free Report) , will likely get financial assistance from Alberta for the struggling Trans Mountain expansion project, per Reuters.
The responses from Alberta came after Kinder Morgan recently announced that there are chances that the expansion project will be dumped if the legal battles are not settled by May 31.
The federal government of Canada continues to lend full support for the expansion. This convinced Premier Rachel Notley to take into account several financial alternatives to support the expansion development. Reuters added that Alberta might also consider outright purchase of the pipeline if the situation arises.
However, it is not clear whether Alberta government will utilize public funds for financing both the expansion development and the existing businesses of the Trans Mountain pipeline, Reuters claimed.
Investors should know that the Trans Mountain pipeline is involved in carrying liquids to Vancouver, British Columbia from Alberta at a rate of 300,000 barrels per day (bpd). The highly demanded C$7.4 billion expansion plan of the pipeline was permitted by the Canadian government on late 2016. The expansion will likely boost the pipeline’s transportation capacity to as high as 890,000 bpd.
Headquartered in Houston, TX, Kinder Morgan is among the leading North American energy infrastructure players.
However, the stock has lost 27.9% over the past year, underperforming the industry’s 18.4% decline.
Presently, the firm carries a Zacks Rank #3 (Hold). Meanwhile, better-ranked players in the energy space include Antero Resources Corp. (AR - Free Report) , Continental Resources, Inc. and Northern Oil and Gas, Inc. (NOG - Free Report) . All the stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Antero Resources is expected to witness year-over-year earnings growth of 303% in 2018.
Continental has an average positive earnings surprise of 64.9% for the last three quarters.
Northern Oil and Gas will likely see a year-over-year rise of 200% in 2018 earnings.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>