Kinder Morgan, Inc. (KMI): A Silver Lining

We experienced unanticipated twists and turns over the past number of months with Kinder Morgan, Inc. (KMI). The oil and gas sector’s cyclical downturn was well underway, KMI’s cash flow remained strong, yet the share price fell with others in the sector. The negative sentiment also turned to KMI’s increased debt that was used in part to fund the […]

Buying More Kinder Morgan, Inc. (KMI)

Kinder Morgan, Inc. (KMI) & Brookfield Infrastructure Partners (BIP) just bought [Source] the remaining 53% of Natural Gas Pipeline Company of America LLC (NGPL) for about $242 million equity but both companies also took on NGPL’s $3 billion in debt, about $1.5 billion each. NGPL: NGPL has about 9,200 miles of pipelines, 1 million horsepower […]

Kinder Morgan, Inc. (KMI): Opportunity for the Patient Investor

The KMI investment has hit a rough patch right along with the entire midstream infrastructure sector. The share price decline in KMI is disappointing and causes investors to wonder if we missed something. We did a thesis [Source], analyzed the data and came to the conclusion that KMI has the potential for a good risk […]

A Closer Look at Kinder Morgan (KMI) Part II

This is the second part of a two part follow up on the Kinder Morgan investment thesis [Source] where we estimated Kinder Morgan Inc. (KMI), had the potential for attractive returns in a three to five year time frame. In Part I [Source] we take a closer look at KMI’s distribution and the company’s guidance for […]

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

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 […]

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

We bought Kinder Morgan Inc., in October, 2014 after they announced the consolidation merger bringing all of its publicly traded segments into one company. We expected good things from KMI and the 29% gain in 2014 was a nice start for the 2½ months we owned it. We are expecting more good things over the years and […]

Brookfield Asset Management (BAM) Delivers: Properties Spinoff Announced

Brookfield Asset Management Announces Spin-Off of Brookfield Property Partners [Source]: The spinoff of Brookfield Property Partners (BPY) is a special dividend to Brookfield Asset Management’s (BAM) shareholders of record as of March 26, 2013 and payable April 15, 2013. It is the last major step needed to complete the multi-year transformation from a sprawling international […]