July 20, 2017 / 3:06 PM / 3 years ago

BUZZ-Kinder Morgan Inc: Says Trans Mountain pipeline expansion on schedule

** Shares of North America’s largest pipeline operator rise as much as 8 pct to $21.25; on course for biggest one-day pct gain since Feb 2016

** Stock 3rd biggest gainer on NYSE; volumes nearly 1.5x 30-DMA

** KMI says on Wednesday Trans Mountain pipeline expansion is on schedule to begin in September amid political uncertainty

** Shares of KMI erase YTD losses, now up ~1 pct

** Expansion of pipeline, designed to carry crude from Canada’s oil sands to West Coast, has become more uncertain since last month’s rise of new provincial government in British Columbia that is opposing line’s expansion through province

** Shares of KMI Canada, spun off to part-finance pipeline’s expansion, are down 1.3 pct, extending IPO losses to ~2.6 pct

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