Kinder Morgan resumes pipeline operations in California after leak forced closure (NYSE: KMI)
Morgan Kindergarten (NYSE:KMI) already said back to work at the gas pipeline network in California after a leak was discovered last week.
The leak forced shutdown gasoline and diesel delivery from Los The Angeles area east to areas including Las Vegas and Phoenix, caused long queues at several regional refueling stations and a state of emergency declared in Nevada.
Morgan Kindergarten (KMI) The 566-mile CALNEV pipeline transports gasoline, diesel and jet fuel from refineries and marine terminals in Los Angeles to Barstow, California and the Las Vegas area, and the 515-mile SFPP West pipeline shipping petroleum products from the Los Angeles area to Colton and Imperial, California, and east to Phoenix.
Morgan Kindergarten (KMI) is “Buy after Q4 earnings, with a return-plus-growth profile bringing total year-over-year returns to nearly 10%,” High Yield Investor wrote in a report. Analysis recently posted on Seeking Alpha.