X
<

Why Kinder Morgan Stock Rose 1.3% Last Week

PART:
1 2
Why Kinder Morgan Stock Rose 1.3% Last Week PART 1 OF 2

Why Kinder Morgan Stock Rose 1.3% Last Week

KMI rose 1.3%

Kinder Morgan (KMI) stock rose 1.3% for the week ended December 1, 2017. In comparison, Enterprise Products Partners (EPD) rose 4.5% and ONEOK (OKE) rose 2.1% over the same period. The SPDR S&P 500 ETF (SPY) (SPX-INDEX) was up 1.6%, whereas the Energy Select Sector SDPR ETF (XLE) rose 2.7% last week. Crude oil prices were, however, down 1% for the week. Learn more about the latest factors impacting oil in Battle between Crude Oil Bulls and Bears Is Almost Here.

Why Kinder Morgan Stock Rose 1.3% Last Week

Interested in EPD? Don't miss the next report.

Receive e-mail alerts for new research on EPD

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

The above graph compares KMI’s performance with peers last week. Kinder Morgan, along with the broader energy as well as the midstream sector, ended the week strong. Learn more about Kinder Morgan and its stock’s performance in What’s Impacting Kinder Morgan Stock?

Trans Mountain update

According to a Reuters report dated November 30, 2017, Canada’s federal government has supported KMI’s request to set up a process to resolve the company’s potential disagreements with provinces or municipalities over the Trans Mountain expansion project. The government has reportedly supported this through a statement to the NEB (National Energy Board).

On November 14, 2017, Kinder Morgan Canada Limited filed a second request with the NEB to set up a process to deal with any disagreements with provincial and municipal authorities relating to the Trans Mountain expansion project.

Let’s see what Kinder Morgan’s moving averages and its current valuation indicate in the next part of the series.

X

Please select a profession that best describes you: