Kevin McSweeney's blog

Trans Mountain deal: The "least worst" option?

Kevin McSweeney's picture
On May 29, 2018, the Government of Canada announced that it is prepared to purchase a variety of assets (most notably the Trans Mountain Pipeline System, including its planned expansion) for $4.5 billion from Kinder Morgan Canada (KML), which is 70%-owned by Texas-based Kinder Morgan Inc. (KMI). Certain mutual funds managed by Signature Global Asset Management (“Signature”) are shareholders of KML and KMI, and Signature has followed this saga extremely closely. This note represents big-picture thinking only, with the details being too numerous to mention here.
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