RE:RE:RE:RE:RE:nat gas news....
Kinder Morgan is a major oil and gas producer??? Say what? KM never produced a barrel of oil in its life! It's a pipeline company that happenned to own the ONLY oil pipeline that crosses the rocky mountains is all of North America. Ya think if such a pipeline across the mountains made economic and logistic sense the Americans would have built even a SINGLE one decades ago???
Anyway, KM balked at expanding the existing pipeline so a guy (who apparently hates oil and gas according to you) bought the thing and built the expansion in the middle of a pandemic that shut the world economy down, wildfires and historic flooding in the coast mountains. Total cost was 34 Billion dollars. Tolls on the pipeline will bring in 4 Billion a year....and it will carry oil Alberta's precious oil to tidewater for the next 50-60 years at least.
According the the government of Alberta cap ex in that province alone this year will come in at 70 Billion dollars!!! 30 Billion of that in the oil and gas industry!!!
https://economicdashboard.alberta.ca/dashboard/investment-annual/
So much for "chasing investment out of the country"!!! Makes as much sense as KM being an oil producer.