Kinder Morgan's Shopping Spree Continues
Kinder Morgan's (NYSE: KMI) growth engine has run out of gas in recent years. The company had invested heavily to build new pipelines and other infrastructure to expand its operations. However, those opportunities have been drying up because of volatile energy prices and a steady shift toward cleaner alternative energy options.
That's leading Kinder Morgan to shift fuel sources by starting to make acquisitions again. The company recently unveiled its second deal of the year, which sets it up for future growth. Here's a closer look at the company's new strategic focus.
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Source Fool.com
