Kinder Morgan, Inc. (KMI) Reports Solid 1Q15 Results

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Kinder Morgan Inc., first quarter 2015 report (1Q15) is solid [Source]. While KMI is up about 30% since our initial purchase in October 2014, at the current share price level of about $43/share it still offers a strong potential return with a healthy margin of safety. We believe the company is on track to achieve $60-70 per share in the next 3-5 years while we are paid an additional $6-12 per share dividend while we wait for these total returns averaging about 26% per year. As an infrastructure Continue Reading

Breitburn Energy (BBEP) Risk & Reward Turns Unfavorable: Time to Exit

BBEP Oil Wells Photo

Breitburn Energy Partners LP (BBEP) and EIG Global Energy Partners (EIG) announced [Source] a  “definitive agreements whereby Breitburn will sell $350 Continue Reading

Breitburn Energy Partners (BBEP) 4Q14: A Good Report; Our Thesis is on Track

BBEP Oil Wells Photo

Breitburn Energy Partners LP (BBEP) reported [Source] financial and operating results for the fourth quarter 2014 (4Q14) and full year 2014. It was a Continue Reading

Brookfield Asset Management (BAM) 2014 and 4Q Results that Didn’t Miss a Beat

Canary Wharf

Brookfield Asset Management (BAM): reported [Source] Funds from Operation (FFO), their primary measure of cash flow, was $2.2 billion for 2014 or Continue Reading

American International Group (AIG) 4Q14: A Mixed but Refreshing Report

AIG Collage

As we have seen in the past AIG’s earnings report [Source] this quarter was a mixture of good and bad news. It can be characterized as a quarter of Continue Reading

Brookfield Property Partners (BPY) 2014 Good Result with More to Come

Canary Wharf, London

Brookfield Property Partners (BPY) reported a strong first full year of operations since it was spun off delivering a total return of 20.2% to unit Continue Reading

Brookfield Infrastructure (BIP) Reports 2014 Results; Another Good Year

BIP Collage

Brookfield Infrastructure Partners (BIP) reported results [Source] for full year 2014 with a total return of 12% compared to its target total return Continue Reading

Kinder Morgan, Inc. (KMI) Reports Solid 4Q14 Results

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We bought Kinder Morgan Inc., in October, 2014 after they announced the consolidation merger bringing all of its publicly traded segments into one Continue Reading

Breitburn Energy Partners (BBEP) Investment Thesis:

BBEP Pumping Jacks

Breitburn Energy Partners (BBEP) is an upstream Oil & Gas company operated as a master limited partnership (MLP). They buy mature crude oil and Continue Reading

Value by George Portfolio 2014 Results

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Investment results for 2014 were good on an absolute and a relative basis, they are presented below. The 2014 Portfolio had a total return of Continue Reading