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Kinder Morgan deal: Why investors should be wary Add to ...

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Richard Kinder made more than $1-billion (U.S.) on Monday morning – dramatic proof that most investors believe his latest deal will create value out of a nifty piece of financial engineering.

More skeptical observers may want to take a wait-and-see attitude. Mr. Kinder’s plan, announced Sunday, aims for a consolidation of his sprawling and complex pipeline empire into a single, enormous corporation that will own or operate 129,000 kilometres of pipelines across Canada and the United States.

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