NYSE:KMIOil and Gas
Kinder Morgan’s Western Gateway JV Adds Weight To Valuation Debate
Kinder Morgan, NYSE:KMI, and Phillips 66 are advancing their Western Gateway Pipeline joint venture after securing long term shipper commitments.
The project is designed to move refined products into key Western U.S. markets, following a successful open season.
This marks a project milestone that could influence refined product flows across the region.
Kinder Morgan enters this project with shares at $31.81 and a history of very large multi year returns, including about 7x over 5 years. For...