• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn
Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Kinder Morgan Canada shares surge after ruling on pipeline permits

December 8, 20179:45 AM Reuters

TORONTO (Reuters) – Shares in Kinder Morgan Canada Ltd rose as much as 9.5 percent to a four-month high early on Friday, after a favorable ruling by the country’s energy regulator on its Trans Mountain pipeline expansion boosted prospects of the contentious project.

Late on Thursday, Canada’s National Energy Board said Kinder Morgan Canada could proceed with construction work on the $5.8 billion project without complying with certain bylaws from the city of Burnaby, British Columbia, through which the pipeline passes.

The swift decision is a sign the company could overcome obstacles from lower governments for the federally approved project.

The fight is not over yet as the project still faces opposition from environmentalists, aboriginal groups, the province of British Columbia and some municipal governments. But the ruling does provide “a measure of visibility,” RBC analyst Robert Kwan said in a research note.

The stock was last trading up 6.4 percent at C$17.69 while the benchmark Canada share index was up 0.4 percent.

Kinder Morgan Trans Mountain pipeline

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • XI Technologies: New draft of Directive 067 adds liability management requirements to energy licence and approval eligibility
  • New oil and gas jobs from BOE Report Jobs
  • Ovintiv reiterates disciplined strategy and focus on value creation
  • Members of Kenney’s UCP caucus nix NDP bid to seek details of failed Keystone XL deal
  • Cenovus to lay off upwards of 2,000 employees

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.