Kinder Morgan Canada Ltd - Ordinary Shares (Restricted Voting) KMLGF

4.5 billions...special dividends coming..

[JTDOUBLE]

With market cap of 5 b , and retaining some of their assets in this deal quite surprised it was down..

I was more leaning towards north of 18 bucks..

[kokonot23]

i don t understand why on stockwacht it was at 103,661,302 shares

[kokonot23]

same on the tsx site whit Market cap of 1,701,081,966 

[when2buy]

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[JTDOUBLE]

This is not a takeover , its trans mountains pipe getting sold and some logistical assets that comes along with it.. We will know until futher details is revealed ..Until such time with the company getting 12 bucks a share thus the remaining assets only worth 4 bucks .. Either they pay debt or special dividends is coming..

[depix]

More than likely they will have to go buy assets. Maybe they could buy some of ENB assets.

[NinetyFourOctan]

How are special dividends going to help if your base equity is being pulled out from under your feet by a desperate company and government. Kinder Morgan better explain how they see all this working from their point of view and quick. As it stands this deal is getting voted down and the Canadian Government needs to come up with more $$$ for this to go forward.

[JTDOUBLE]

Shifting the risk to government considering the political mess and end up getting 4,5b.. This is very smart move considering political risk beyond company control.. Considering with 4.5 billions in CASH Infusion.. If they pay their debt , cash flow should increase significantly.. Last 4 quarter eps: Q2 2017   $ 0.38 Q3 2017   $0.41 Q4 2017  $0.45 Q1 2018 

[Chris_toronto]

How will their cash flow increase when they have sold their main income producing asset? Are you saying they will put the money in GIC's and that will return better than the pipelines was flowing?!!

[JTDOUBLE]

Every pipeline more likely the biggest expense is their interest expense as most projects are debt laden..  I suggest you look at income statement and see how much interest expense they incurred per quarter that should answer your cash flow questions.