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Stock impact report

Canada's mega Trans Mountain pipeline promises to redraw global oil flows [Financial Post (Toronto, Ontario, Canada)]

Kinder Morgan, Inc. (KMI) 
Last kinder morgan, inc. earnings: 4/22 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.kindermorgan.com
Company Research Source: Financial Post
Canada, home to the world's third-largest crude deposits, is poised to reshuffle global oil flows next year. The nearly completed expansion of the Trans Mountain pipeline promises to vault Canada into a new role in global markets by transporting an additional 600,000 barrels a day — on par with the daily output of Azerbaijan — from the country's vast oilsands to a port on the Pacific Coast. For Canada's producers, the government-owned project offers a chance to break their almost total dependence on exports to the United States and win higher prices for their crude. For global markets, the Trans Mountain expansion represents a new source of the heavy, sludgy oil that advanced refineries in India and China crave for producing transportation fuels and asphalt. The project — which essentially twins an existing 1950s-era pipeline — had been expected to start operating the first quarter of next year, but technical challenges in tunnelling along a 1.3-kilometre stretch have forced th Show less Read more
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