KML.TO - Kinder Morgan Canada Limited

Toronto - Toronto Delayed Price. Currency in CAD
14.85
+0.11 (+0.75%)
At close: 3:50PM EDT
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Previous Close14.74
Open14.75
Bid14.86 x 0
Ask14.87 x 0
Day's Range14.73 - 14.98
52 Week Range10.55 - 51.87
Volume630,346
Avg. Volume342,868
Market Cap1.727B
Beta (3Y Monthly)-2.47
PE Ratio (TTM)1.26
EPS (TTM)11.83
Earnings DateJul 17, 2019
Forward Dividend & Yield0.65 (4.41%)
Ex-Dividend Date2019-07-30
1y Target Est14.39
  • Baystreet

    Stocks in play: Kinder Morgan, Inc.

    Says representatives intend to participate in the JPMorgan U.S. All Stars Conference in London Tuesday, ...

  • CNW Group

    Kinder Morgan to Participate in Investor Meetings

    CALGARY , Sept. 12, 2019 /CNW/ - Representatives of Kinder Morgan , Inc. (KMI), which owns a controlling interest in Kinder Morgan Canada Limited (KML), intend to participate in the JPMorgan U.S. All Stars ...

  • CNW Group

    Pembina Pipeline Corporation and Kinder Morgan Canada Agree to Amend Arrangement Agreement to Include Preferred Shareholders

    NYSE: PBA) today announced that it has agreed with Kinder Morgan Canada Limited (TSX:KML.TO - News) ("KML") to amend and restate the previously announced arrangement agreement dated August 20, 2019 (the "Arrangement Agreement") to include the preferred shares of KML in the arrangement transaction pursuant to which Pembina will acquire KML (the "Transaction"). If requisite approval by the holders of KML preferred shares is obtained, upon closing of the Transaction, each outstanding KML preferred share of a series will be exchanged for one preferred share of Pembina with the same commercial terms and conditions as that series of KML preferred shares.  The inclusion of KML preferred shares in the Transaction is subject to approval by at least 66 2/3 percent of the votes cast by holders of KML preferred shares, voting together as a single class, present in person or represented by proxy at the special meeting of the holders of KML preferred shares to be held to approve the Transaction, but is not a condition to closing of the Transaction.

  • CNW Group

    Pembina and KML Agree to Amend Arrangement to Include Preferred Shareholders

    NYSE: PBA) (Pembina) to amend and restate the previously announced arrangement agreement dated August 20, 2019 to include the preferred shares of KML in the arrangement transaction. If requisite approval by the holders of KML preferred shares is obtained, upon closing of the transaction, each outstanding KML preferred share of a series will be exchanged for a preferred share of Pembina with the same commercial terms and conditions as that series of KML preferred shares.  The inclusion of KML preferred shares in the transaction is subject to approval by at least 66 2/3% of the votes cast by holders of KML preferred shares, voting together as a single class, present in person or represented by proxy at the special meeting of the holders of KML preferred shares to be held to approve the transaction, but is not a condition to closing of the transaction.

  • Kinder Morgan to Sell KML Stake, Cochin Pipeline
    Market Realist

    Kinder Morgan to Sell KML Stake, Cochin Pipeline

    Kinder Morgan (KMI) announced that it agreed to sell the US portion of Cochin Pipeline and its 70% stake in Kinder Morgan Canada Ltd. to Pembina Pipeline.

  • Kinder Morgan Cashes Out of Canada
    Motley Fool

    Kinder Morgan Cashes Out of Canada

    The energy infrastructure giant increases its financial flexibility.

  • Pembina to Buy Kinder Morgan’s Oil Assets for $3.3 Billion
    Bloomberg

    Pembina to Buy Kinder Morgan’s Oil Assets for $3.3 Billion

    (Bloomberg) -- Pembina Pipeline Corp. increased its bet on the future of Canada’s turbulent oil-sands industry, agreeing to buy Kinder Morgan Inc.’s Canadian unit and the U.S. portion of a key pipeline for about C$4.35 billion ($3.3 billion).The deal makes Pembina a major player in the oil-storage business, giving it 10 million barrels of capacity in the crude complex near Edmonton, Alberta, a key hub for oil-sands producers. With the takeover of Kinder’s Cochin Pipeline system, Pembina also becomes a key provider of the condensate that oil-sands companies need to blend with their thick crude to enable it to flow through pipelines.The acquisition is a major bet on the future of the oil sands at a time when delays to key export pipelines have hampered the industry’s ability to expand and forced the Alberta government to support Western Canadian heavy crude prices with unprecedented production limits, which it extended for another year on Tuesday. The deal also continues a flight of international capital out of the oil sands, following major divestitures from ConocoPhillips and Royal Dutch Shell Plc in recent years.Pembina Chief Executive Officer Mick Dilger said the deal increases its vertical integration, diversifying its offerings to its oil-sands customers and enhancing the company’s resilience in an uncertain environment. The takeover also gives Pembina additional integration opportunities, and those benefits are reflected in the premium it paid for the assets, Chris Cox, an analyst at Raymond James, said in a note.“The acquisition further strengthens the quality of the company’s integrated value chain, improves the quality of the company’s cash flows and adds a new compelling business line with the Edmonton storage business,” Cox said.For Kinder Morgan, the agreement comes more than three months after the Canadian unit said it would continue as a standalone company. It held two bidding rounds, “but ultimately concluded that a transaction on satisfactory terms was not available at the current time,” Steve Kean, CEO of both Kinder Morgan and the Canadian unit, told investors on a May conference call.The transaction values Kinder Morgan Canada Ltd. at about C$2.3 billion, or C$15.02 per share, based on an all-share exchange ratio of 0.3068 of a common share of Pembina per Kinder Canada security, according to a statement. That’s about 37% more than the stock’s closing price on Tuesday. It values the U.S. portion of the Cochin pipeline at about C$2.05 billion for cash consideration.Pembina fell as much as 1.8% to C$48.37 on Wednesday before paring losses. Kinder Morgan Canada jumped as much as 35% to C$14.84.Before the deals were announced early Wednesday, there was speculation that Kinder Morgan Canada could be a potential buyer for the Trans Mountain pipeline that runs from Alberta to Vancouver. The government bought the line from Kinder last year and has promised to sell the conduit back to a private company after it completes a long-delayed expansion project. Multiple indigenous groups in Canada have expressed interest in buying a stake in the line, and analysts have said the line also might be a good fit for pension funds.Pembina’s Dilger said on the conference call that the Trans Mountain line would fit into the company’s strategy of serving western Canadian oil producers but that the company doesn’t want to take on the baggage that comes along with the project, which has faced opposition and legal challenges from environmentalists, indigenous groups and British Columbia’s government.Though Pembina is “uniquely qualified” to operate Trans Mountain, “we don’t want to submerge our entire management team and subject our entire organization and reputation to all the noise that entails,” Dilger said on a conference call to discuss the transaction.Pembina also confirmed that another party has a right of first refusal on one of the assets it acquired. The company wouldn’t disclose the party or the asset, but Dilger said on a call to discuss the deal that if that right of first refusal were to be exercised, it would shrink the size of the assets Pembina is buying “a little bit” but would not be “devastating.”(A previous version of this story corrected the stock decrease in the fifth paragraph.)\--With assistance from Brian Eckhouse.To contact the reporter on this story: Kevin Orland in Calgary at korland@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Christine Buurma, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • CNW Group

    Pembina Pipeline Corporation to Acquire Kinder Morgan Canada and the Cochin Pipeline for $4.35 Billion and Increase Dividend

    This news release refers to adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA") and adjusted cash flow from operating activities per share ("adjusted cash flow per share"), which are financial measures that are not defined by Generally Accepted Accounting Principles ("GAAP").

  • CNW Group

    Pembina Pipeline Corporation to Acquire KML

    NYSE: PBA) (Pembina) under which Pembina has agreed to acquire all of the outstanding common equity of KML (including the 70 percent majority voting interest held by Kinder Morgan Inc. (NYSE:  KMI)), subject to the terms of the arrangement agreement between KML and Pembina.  On closing, KML shareholders will receive .3068 shares of Pembina for each KML share. Based on yesterday's closing price for Pembina, the total consideration to be received by KML common shareholders is valued at $15.12 per KML share, which represents a 38 percent premium to yesterday's KML closing price.

  • Better Buy: Kinder Morgan Canada vs. Phillips 66 Partners
    Motley Fool

    Better Buy: Kinder Morgan Canada vs. Phillips 66 Partners

    These high-yielding midstream companies go head to head.

  • CNW Group

    Kinder Morgan to Participate in Investor Conferences

    CALGARY , Aug. 9, 2019 /CNW/ - Representatives of Kinder Morgan , Inc. (KMI), which owns a controlling interest in Kinder Morgan Canada Limited (KML), intend to participate in investor meetings at the ...

  • If You Had Bought Kinder Morgan Canada (TSE:KML) Shares A Year Ago You'd Have A Total Return Of -22%
    Simply Wall St.

    If You Had Bought Kinder Morgan Canada (TSE:KML) Shares A Year Ago You'd Have A Total Return Of -22%

    It's easy to match the overall market return by buying an index fund. While individual stocks can be big winners...

  • 3 Stocks That Were Recently Downgraded: Should You Buy?
    The Motley Fool

    3 Stocks That Were Recently Downgraded: Should You Buy?

    After some major downgrades this week, should investors look at Aphria Inc. (TSX:APHA)(NYSE:APHA), Kinder Morgan Canada Ltd. (TSX:KML), and this other stock?

  • 4 Stocks That Are Absurdly Cheap Right Now
    The Motley Fool

    4 Stocks That Are Absurdly Cheap Right Now

    The TSX is never without good stocks that are trading at cheap prices one time or another. At present, the prices of Kinder Morgan Canada Limited (TSX:KML)(NYSE:KMI), Seven Generations Energy Limited (TSX:VII), Whitecap Resources Inc. (TSX:WCP), and Theratechnologies Inc. (TSX:TH) offer real value for money.

  • CNW Group

    Kinder Morgan Canada Limited Declares Dividend and Announces Results for Second Quarter of 2019

    CALGARY , July 17, 2019 /CNW/ - The Kinder Morgan Canada Limited (TSX: KML) board of directors has declared a dividend for the second quarter of 2019 of  $0.1625 per restricted voting share ( $0.65 annualized), ...

  • Oil & Gas Millionaire: 3 Top Energy Stocks Hitting New 52-Week Lows
    The Motley Fool

    Oil & Gas Millionaire: 3 Top Energy Stocks Hitting New 52-Week Lows

    Hunting for a bargain? This group of beaten-down stocks, including Kinder Morgan Canada Ltd (TSX:KML), might provide the value you're looking for.

  • Better Buy: Kinder Morgan Canada vs. Chevron
    Motley Fool

    Better Buy: Kinder Morgan Canada vs. Chevron

    It's a face-off with a small-market-cap midstream player with a bigger dividend on one side, and an energy giant with a less attractive payout on the other.

  • CNW Group

    Kinder Morgan Canada Limited Conference Call Advisory

    CALGARY , July 11, 2019 /CNW/ - Kinder Morgan Canada Limited (TSX: KML) announces the following webcast and dial-in information for its 2019 second quarter earnings results: What:   Kinder Morgan Canada ...

  • Better Buy: Kinder Morgan Canada vs. Enbridge
    Motley Fool

    Better Buy: Kinder Morgan Canada vs. Enbridge

    The differences between Kinder Morgan Canada and Enbridge are even bigger than they seem when you look a little deeper.

  • RRSP Investors: 3 Steady Passive Income Stocks Yielding Up to 8.4%
    The Motley Fool

    RRSP Investors: 3 Steady Passive Income Stocks Yielding Up to 8.4%

    This trio of high-yield plays, including Toronto-Dominion Bank (TSX:TD)(NYSE:TD), can provide the fat income you need now.

  • Where Will Kinder Morgan Canada Be in 5 Years?
    Motley Fool

    Where Will Kinder Morgan Canada Be in 5 Years?

    The Canadian midstream company plans to remain independent for now.