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Kinder Morgan's plans may have just changed following

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JettLoneStar   Sunday, 07/22/18 03:51:01 AM
Re: biotech_researcher post# 899
Post # of 969 
Kinder Morgan's plans may have just changed following the $3.5 billion sale of its Trans Mountain Pipeline expansion project to the Canadian government -- some analysts think for the better.

While the expansion represented $5.7 billion of the company's projected $10.3 billion increase in annual adjusted EBITDA from growth projects in the pipeline, the sale removes uncertainty and provides a whole lot of cash to plow into other investments.

Those could be midstream assets or additional natural gas pipelines, which comprise the remaining growth projects in its backlog.

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