The Canadian province of Alberta may be willing to buy the Trans Mountain Pipeline system from Kinder Morgan Inc. (NYSE: KMI) in order to ensure a pathway to the Pacific Ocean for the province’s vast deposits of oil sands.
On Sunday, Kinder Morgan announced that its Canadian subsidiary, Kinder Morgan Canada, would suspend “non-essential” spending on its planned expansion of the 300,000-barrel-a-day pipeline system to an enlarged capacity of 890,000 barrels a day. The total project cost was recently estimated at C$7.3 billion, and Kinder Morgan said it has already spent about $1.1 billion of that total.
In a comment on the decision, Kinder Morgan Canada CEO and Chair Steve Kean said:
While we are prepared to accept the many risks traditionally presented by large construction projects, extraordinary political risks that are completely outside of our control and that could prevent completion of the project are risks to which we simply cannot expose our shareholders. �� If we cannot reach agreement by May 31st, it is difficult to conceive of any scenario in which we would proceed with the Project.
Hot Canadian Stocks To Own For 2019: Jason Industries, Inc.(JASN)
Advisors' Opinion:- [By Shane Hupp]
PlayAGS (NYSE: AGS) and Jason Industries (NASDAQ:JASN) are both small-cap consumer discretionary companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, risk, valuation, dividends, profitability, earnings and institutional ownership.
Hot Canadian Stocks To Own For 2019: CVR Energy Inc.(CVI)
Advisors' Opinion:- [By Stephan Byrd]
CVR Energy Inc. (NYSE:CVI) reached a new 52-week high and low during trading on Wednesday . The stock traded as low as $41.88 and last traded at $41.81, with a volume of 8024 shares trading hands. The stock had previously closed at $41.64.
- [By Stephan Byrd]
CVR Energy Inc. (NYSE:CVI) shares hit a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $39.74 and last traded at $39.69, with a volume of 566335 shares traded. The stock had previously closed at $36.81.
Hot Canadian Stocks To Own For 2019: Monsanto Company(MON)
Advisors' Opinion:- [By Trey Thoelcke]
Monsanto Co.’s (NYSE: MON) fiscal second-quarter report is scheduled for Thursday before the opening bell. The consensus forecast is $3.33 in EPS on $5.39 billion in revenue. Shares ended the week at $116.69 apiece. The consensus price target is $126.40, and the 52-week range is $113.15 to $124.20.
- [By ]
In addition, Corvex Management's Keith Meister reported owning new significant stakes in Intercontinental Exchange Inc. ( (ICE) ), Microsoft Corp. (MSFT) , Monsanto Co. (MON) , Qualcomm Inc. (QCOM) , Salesforce.com Inc. (CRM) and Servicenow Inc. (NOW)
- [By Logan Wallace]
Global X Management Co. LLC trimmed its stake in shares of Monsanto (NYSE:MON) by 6.8% during the first quarter, HoldingsChannel.com reports. The fund owned 11,141 shares of the basic materials company’s stock after selling 818 shares during the period. Global X Management Co. LLC’s holdings in Monsanto were worth $1,300,000 as of its most recent SEC filing.
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Bayer AG (BAYRY) also rose 4.13% to ��97.29 on reports that its mega-merger with Monsanto Co. (MON) would likely be approved by the Department of Justice. The Wall Street Journal reported that the companies have agreed additional asset sales.
- [By Stephan Byrd]
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- [By Chris Lange]
Monsanto Co. (NYSE: MON) is expected to share its most recent quarterly numbers first thing Thursday. Analysts are looking for $0.42 in earnings per share (EPS) and $2.77 billion in revenue. Shares were last seen at $116.78 apiece, in a 52-week range of $104.77 to $122.80. The consensus price target is $125.18.
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