Kinder Morgan Surges After Cutting Spending Plan for 2016

Updated on
  • Shares rise 20%, most since start of trading in February 2011
  • Company cut 2016 spending to $3.3 billion from $4.2 billion

Kinder Morgan Inc., the largest pipeline company in the U.S., surged the most on record after cutting its investment plan to weather the collapse of oil prices.

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