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Monday, August 11, 2014

Kinder CEO sees deal opportunity under combined company, (NYSE: KMI)

Kinder Morgan Inc as a combined company will have the opportunity to make sizable acquisitions in the natural gas and crude oil pipeline and processing sector, the company's chief executive officer told investors on a conference call on Monday. "We have such a broad platform, virtually anything in the midstream area would fit us," said Rich Kinder, the company's chairman and CEO.

Kinder Morgan, Inc. (KMI) owns and manages a diversified portfolio of energy transportation and storage assets. Shares of KMI traded higher by 8.67% or $3.13/share to $39.25. In the past year, the shares have traded as low as $30.81 and as high as $38.30. On average, 5370730 shares of KMI exchange hands on a given day and today's volume is recorded at 19143468.