SIR Capital Management L.P. Invests $5.20 Million in Kinder Morgan Canada Limited $KMLGF

SIR Capital Management L.P. bought a new stake in shares of Kinder Morgan Canada Limited (OTCMKTS:KMLGF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 162,485 shares of the company’s stock, valued at approximately $5,195,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Legal & General Group Plc purchased a new position in Kinder Morgan Canada in the 2nd quarter worth about $412,246,000. Kayne Anderson Capital Advisors LP purchased a new stake in Kinder Morgan Canada during the second quarter valued at about $297,670,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Kinder Morgan Canada during the second quarter valued at about $176,257,000. Advisors Capital Management LLC acquired a new position in shares of Kinder Morgan Canada in the second quarter worth about $97,668,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Kinder Morgan Canada in the second quarter worth about $96,612,000.

Kinder Morgan Canada Price Performance

Kinder Morgan Canada stock opened at $10.88 on Tuesday. The firm’s 50 day simple moving average is $10.88 and its 200-day simple moving average is $10.88. Kinder Morgan Canada Limited has a fifty-two week low of $8.05 and a fifty-two week high of $35.53.

Kinder Morgan Canada Company Profile

Kinder Morgan Canada (OTCMKTS: KMLGF) is a leading energy infrastructure company in Canada, specializing in the transportation and storage of crude oil, refined petroleum products and natural gas liquids. As a subsidiary of Kinder Morgan, Inc, the company operates an extensive network of pipelines and terminals that serve oil producers, refiners and exporters across Western Canada and the Pacific Northwest. Its core business centers on safe, reliable and cost-effective movement of hydrocarbons from production areas in Alberta to domestic markets and coastal export terminals.

The company’s pipeline portfolio includes the Trans Mountain system, which runs from Alberta’s oil sands region to the British Columbia coast, the Cochin pipeline linking Canadian supply hubs with U.S.