Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Kinder Morgan Canada Limited $KMLGF

Connor Clark & Lunn Investment Management Ltd. bought a new position in Kinder Morgan Canada Limited (OTCMKTS:KMLGF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,513,189 shares of the company’s stock, valued at approximately $176,257,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Addison Advisors LLC bought a new position in shares of Kinder Morgan Canada during the second quarter valued at about $37,000. Rakuten Securities Inc. bought a new stake in Kinder Morgan Canada in the 2nd quarter worth about $38,000. BOK Financial Private Wealth Inc. bought a new stake in Kinder Morgan Canada in the 2nd quarter worth about $49,000. Keating Financial Advisory Services Inc. purchased a new stake in Kinder Morgan Canada in the 2nd quarter valued at about $58,000. Finally, Hara Capital LLC purchased a new stake in Kinder Morgan Canada in the 2nd quarter valued at about $201,000.

Kinder Morgan Canada Price Performance

Kinder Morgan Canada stock opened at $10.88 on Monday. Kinder Morgan Canada Limited has a 52 week low of $8.05 and a 52 week high of $35.53. The company’s 50 day moving average price is $10.88 and its two-hundred day moving average price is $10.88.

Kinder Morgan Canada 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.