Sights

With its sights on Canadian oilsands growth and a stable utility business, Kinder Morgan Inc. (KMI) announced an agreement Monday to buy Terasen Inc., formerly BC Gas, for US$5.6 billion (C$6.9 billion) including debt. The per share value of the purchase is about C$35.91/Terasen share, which represents a 20% premium to the most recent 20-day average and a 14% premium to Monday’s closing price on the Toronto Stock Exchange.

Duke Energy Gas Transmission (DEGT) is setting its sights on the growth of the liquefied natural gas (LNG) market, which offers a “clear opportunity for new infrastructure investment” that in turn, could propel DEGT’s earnings growth 3-5% on average over the next few years, said the unit’s president on Friday.

A leaner Williams Cos. has set its sights on its three core natural gas businesses, exploration and production (E&P), midstream and interstate gas pipelines, going forward, the head of the company told analysts last Thursday. The company is trying to exit the power business, but it’s unlikely that it will be able to do so in the near term.

A leaner Williams Cos. has set its sights on its three core natural gas businesses, exploration and production (E&P), midstream and interstate gas pipelines, going forward, the head of the company told analysts Thursday. The company is trying to exit the power business, but it’s unlikely that it will be able to do so in the near term.

Depending on how well the U.S. economy fares going forward, Dynegy Inc. will not only recover, but will be an active player as the power sector consolidates, CFO Nick Caruso said last week.

Burlington Resources Inc., which will continue to focus its sights on North American natural gas, on Wednesday raised its cumulative production growth target to 20% through 2006. With $4/MMBtu natural gas prices, it also expects to see per-share growth of 10%.

Burlington Resources Inc., which will continue to focus its sights on North American natural gas, on Wednesday raised its cumulative production growth target to 20% through 2006. With $4/MMBtu natural gas prices, it also expects to see per-share growth of 10%.

Despite forecasts for moderating temperatures by midweek, natural gas futures traders picked up Monday where they left off last week as they lifted the market back above the $4.90 level.

The dominant pipeline market in natural gas will always be regional, but companies’ strategic sights increasingly will be global, as the geographic dislocation of reserves to market is partly mitigated by new ways of linking stranded fields and customers, according to a report released on Wednesday by PricewaterhouseCoopers (PWC).