Oil & Gas Stock Roundup: Chevron OKs $37B Tengiz Expansion, National Oilwell Teams Up with GE
Nilanjan Choudhury - Zacks Investment Research - Tue Jul 12, 10:31AM CDT
Chevron (CVX)-led consortium approved a $37 billion expansion for the Tengiz oilfield, while National Oilwell Varco (NOV) collaborated with GE to offer FPSO solutions.
KMI: 19.81 (+0.59), NOV: 34.02 (+1.83), PBR: 8.08 (+0.31), PXD: 156.50 (+3.50), RIG: 12.84 (+1.06), XOM: 94.95 (+1.06), CVX: 106.78 (+1.39)
Company News for July 12, 2016
Zacks Equity Research - Zacks Investment Research - Tue Jul 12, 9:10AM CDT
Companies In The News are: KMI,SO,SGNT,BA,OZRK
KMI: 19.81 (+0.59), SGNT: 21.67 (+0.02), BA: 130.81 (-1.23), SO: 52.84 (-0.95), OZRK: 40.22 (+1.01)
Alliance Data and Kinder Morgan rise; Eversource falls
AP - Mon Jul 11, 3:23PM CDT
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday:
NFLX: 95.97 (+1.30), KMI: 19.81 (+0.59), SGNT: 21.67 (+0.02), BA: 130.81 (-1.23), SO: 52.84 (-0.95), ADS: 213.17 (+2.78)
Fitch: Southern Co's Ratings Unchanged by Gas Pipeline Venture with KMI
BusinessWire - Mon Jul 11, 12:16PM CDT
Fitch Ratings expects Southern Company's ('A-'/Outlook Stable) gas pipeline joint venture with a subsidiary of Kinder Morgan, Inc. (KMI, 'BBB-'/Outlook Stable) to have no impact on its credit ratings. Fitch expects that Southern Company will fund the acquisition and future growth investments at the JV as well as at Southern Power Company in a credit supportive manner.
KMI: 19.81 (+0.59), SO: 52.84 (-0.95)
Kinder Morgan-Southern Company Natural Gas Pipeline Deal
Zacks Equity Research - Zacks Investment Research - Mon Jul 11, 9:01AM CDT
Kinder Morgan, Inc. (KMI) and Southern Company (SO) have entered into a natural gas pipeline venture intended to enhance both companies' leadership in energy infrastructure development.
SOL: 1.25 (unch), KMI: 19.81 (+0.59), FF: 11.45 (+0.26), SO: 52.84 (-0.95)
Kinder Morgan Announces Conference Call to Discuss Strategic Venture
BusinessWire - Sun Jul 10, 5:05PM CDT
Kinder Morgan, Inc. (NYSE:KMI) and Southern Company (NYSE:SO) today issued a press release announcing a strategic natural gas pipeline venture through Southern Company's acquisition of a 50 percent equity interest in the Southern Natural Gas pipeline system.
KMI: 19.81 (+0.59), SO: 52.84 (-0.95)
Southern Company, Kinder Morgan Enter Southern Natural Gas Pipeline Strategic Venture
BusinessWire - Sun Jul 10, 5:00PM CDT
Southern Company (NYSE:SO) and Kinder Morgan, Inc. (NYSE: KMI) today announced a natural gas pipeline venture designed to advance both companies' leadership in energy infrastructure development through Southern Company's acquisition of a 50 percent equity interest in the Southern Natural Gas (SNG) pipeline system. Kinder Morgan will continue to operate the system. In addition, the agreement commits the companies to cooperatively pursue specific growth opportunities to develop natural gas infrastructure for the strategic venture.
KMI: 19.81 (+0.59), SO: 52.84 (-0.95)
Southern Company, Kinder Morgan enter Southern Natural Gas pipeline strategic venture
PR Newswire - Sun Jul 10, 5:00PM CDT
Southern Company (NYSE: SO) and Kinder Morgan, Inc. (NYSE: KMI) today announced a natural gas pipeline venture designed to advance both companies' leadership in energy infrastructure development through Southern Company's acquisition of a 50 percent equity interest in the Southern Natural Gas (SNG) pipeline system. Kinder Morgan will continue to operate the system. In addition, the agreement commits the companies to cooperatively pursue specific growth opportunities to develop natural gas infrastructure for the strategic venture.
KMI: 19.81 (+0.59), SO: 52.84 (-0.95)
20.8% Return Seen to Date on SmarTrend Kinder Morgan Call (KMI)
Comtex SmarTrend(R) - Fri Jul 08, 1:19AM CDT
SmarTrend identified an Uptrend for Kinder Morgan (NYSE:KMI) on January 22nd, 2016 at $15.24. In approximately 6 months, Kinder Morgan has returned 20.77% as of today's recent price of $18.40.
KMI: 19.81 (+0.59)
Kinder Morgan, Nucor Sign 10-Year Agreement Worth $900M
Zacks Equity Research - Zacks Investment Research - Thu Jul 07, 8:39AM CDT
Kinder Morgan Inc. (KMI) has inked a new 10-year agreement with Nucor Corporation (NUE) to supply in-plant services for five of the latter???s facilities.
SOL: 1.25 (unch), KMI: 19.81 (+0.59), BAK: 11.25 (+0.07), FF: 11.45 (+0.26)
Watch for Kinder Morgan to Potentially Rebound After Falling 1.20% Yesterday
Comtex SmarTrend(R) - Wed Jul 06, 12:38PM CDT
Kinder Morgan (NYSE:KMI) traded in a range yesterday that spanned from a low of $17.95 to a high of $18.26. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $18.00 on volume of 8.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
KMI: 19.81 (+0.59)
The Zacks Analyst Blog Highlights: Energy Transfer Equity, Williams, Kinder Morgan, Hess and BP
Zacks Equity Research - Zacks Investment Research - Wed Jul 06, 8:30AM CDT
The Zacks Analyst Blog Highlights: Energy Transfer Equity, Williams, Kinder Morgan, Hess and BP
KMI: 19.81 (+0.59), HES: 60.13 (+4.06), BP: 36.91 (+0.80), WMB: 21.89 (+1.16), ETE: 16.05 (+0.55)
Kinder Morgan Terminals Signs 10-Year Agreement with Nucor Corporation
BusinessWire - Wed Jul 06, 8:05AM CDT
Kinder Morgan, Inc. (NYSE: KMI) today announced it has entered into a new, 10-year agreement with Nucor Corporation to provide in-plant services for five of Nucor's facilities at Decatur, Alabama; Hertford, North Carolina; Berkeley, South Carolina; and two facilities at Blytheville, Arkansas. The five facilities produce approximately 13.4 million tons of steel products annually. KMI will be handling approximately 14.8 million tons annually of scrap steel, direct-reduced iron, pig iron and other feedstocks, as well as providing other ancillary services. The value of the agreement is approximately $900 million.
KMI: 19.81 (+0.59), NUE: 56.34 (+1.88)
Oil & Gas Stock Roundup: Energy Transfer Quits Williams Deal, Kinder Morgan Sells 50% Ohio Pipeline Stake
Nilanjan Choudhury - Zacks Investment Research - Tue Jul 05, 2:59PM CDT
Energy Transfer Equity (ETE) walked away from the merger with Williams Companies (WMB), while Kinder Morgan (KMI) agreed to sell a 50% stake in its Utopia Pipeline Project.
KMI: 19.81 (+0.59), PBR: 8.08 (+0.31), HES: 60.13 (+4.06), RIG: 12.84 (+1.06), WMB: 21.89 (+1.16), BP: 36.91 (+0.80), ETE: 16.05 (+0.55)
SmarTrend Watching for Potential Pullback in Shares of Kinder Morgan After 5.76% Gain
Comtex SmarTrend(R) - Wed Jun 29, 12:50PM CDT
Kinder Morgan (NYSE:KMI) traded in a range yesterday that spanned from a low of $17.85 to a high of $18.75. Yesterday, the shares gained 5.8%, which took the trading range above the 3-day high of $18.42 on volume of 14.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
KMI: 19.81 (+0.59)
Kinder Morgan Divests 50% Stake in Utopia Pipeline Project
Zacks Equity Research - Zacks Investment Research - Wed Jun 29, 7:45AM CDT
Kinder Morgan, Inc. (KMI) announced that it has divested a 50% stake in the Utopia Pipeline Project to Riverstone Investment Group LLC.
KMI: 19.81 (+0.59), BWP: 17.61 (+0.46), CVRR: 6.66 (-0.07), TEGP: 24.09 (-0.15)
Kinder Morgan Sells 50% Equity Interest in Utopia Pipeline Project to Riverstone Investment Group
BusinessWire - Tue Jun 28, 8:08AM CDT
Kinder Morgan, Inc. (NYSE: KMI) announced today that Riverstone Investment Group LLC (Riverstone) will become a 50 percent partner in the Utopia Pipeline Project. To acquire its ownership interest, Riverstone agreed to an upfront cash payment provided at closing, consisting of reimbursement to KMI for its 50 percent share of prior capital expenditures related to the project and a payment in excess of capital expenditures to recognize the value created by KMI in developing the project to this stage.
KMI: 19.81 (+0.59)
Exxon Mobil Shares Offloaded by Supreme Court Judge Alito
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 8:51AM CDT
After being barred from participating in cases involving the world's biggest publicly traded oil company ExxonMobil Corporation (XOM) for almost a decade, U.S. Supreme Court Judge Samuel Alito finally sold his shares in the entity.
KMI: 19.81 (+0.59), TGT: 73.52 (+0.98), SYY: 51.08 (-0.56), XOM: 94.95 (+1.06)
InvestorsObserver releases covered-call reports for GoPro, Humana, AIG, The Home Depot Inc. and Kinder Morgan
PR Newswire - Tue Jun 21, 8:31AM CDT
InvestorsObserver issues critical PriceWatch Alerts for GPRO, HUM, AIG, HD and KMI.
KMI: 19.81 (+0.59), GPRO: 12.46 (+0.03), HD: 134.84 (-0.31), AIG: 53.86 (+0.57), HUM: 154.71 (+0.71)