Kinder Morgan companies sink after scathing Hedgeye report


Kinder Morgan (KMI -4.3%), Kinder Morgan Partners (KMP -2.7%) and Kinder Morgan Management (KMR -3.3%) are all down sharply after Kevin Kaiser says shorting the stocks is Hedgeye's new Best Idea.

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Comments (80)
  • tomlos
    , contributor
    Comments (1292) | Send Message
     
    What am I missing here?
    4 Sep 2013, 11:31 AM Reply Like
  • Reluctant Investor
    , contributor
    Comments (87) | Send Message
     
    The stock market has become a flea market.
    4 Sep 2013, 11:35 AM Reply Like
  • vandob
    , contributor
    Comments (49) | Send Message
     
    Opportunity?
    4 Sep 2013, 11:35 AM Reply Like
  • tomlos
    , contributor
    Comments (1292) | Send Message
     
    I have been meaning to add to my position.. now might not be a bad time.
    4 Sep 2013, 11:38 AM Reply Like
  • Zeus2012
    , contributor
    Comments (714) | Send Message
     
    Blame it on Hedgeye. It claims that KMI / KMP is its best short idea. Investors concerned that it may be the next LINE.
    4 Sep 2013, 11:44 AM Reply Like
  • stvrob_63
    , contributor
    Comments (1133) | Send Message
     
    I think they have bitten off more than they will be able to swallow on this one.
    4 Sep 2013, 10:12 PM Reply Like
  • crash9010
    , contributor
    Comments (178) | Send Message
     
    I have not seen the hedgeye report but if they want to lower the price for me when I am looking to add I am cool with that. Short term fluctuations mean little to me long term.
    4 Sep 2013, 11:36 AM Reply Like
  • ben2351
    , contributor
    Comments (8) | Send Message
     
    I'm buying more of KMP today. All of the big boys have a Buy on the stock (Merrill Lynch - S&P - and Morningstar -) and just read this analyst report that came out this morning a little after In a report published Wednesday, Jefferies analyst Christopher Sighinolfi initiated coverage on Kinder Morgan Energy Partners LP (NYSE: KMP [FREE Stock Trend Analysis]) with a Hold rating and $88.00 price target.

     

    Read more: http://bit.ly/17vjRXK (
    4 Sep 2013, 04:28 PM Reply Like
  • curreyr
    , contributor
    Comments (730) | Send Message
     
    So after today, the Jeffries target is a 10% appreciation (+6.7% dividend) ...
    Sheesh, what's a "buy" again?
    4 Sep 2013, 04:38 PM Reply Like
  • maillot jaune
    , contributor
    Comments (194) | Send Message
     
    Yawn. I suppose Hedgeye will tell us Kinder's pipes aren't real, including all those from the El Paso acquisition, or are filled with cement when the analyst will reveal his "report on September 10th." Enjoy the 15 minutes of fame, Mr. Kaiser. My faith is in Mr. Kinder, not Mr. Kaiser.
    4 Sep 2013, 11:37 AM Reply Like
  • User 4542301
    , contributor
    Comments (3854) | Send Message
     
    http://bloom.bg/1dPy3EB

     

    That have anything to do with it?
    4 Sep 2013, 12:11 PM Reply Like
  • Chucklesg
    , contributor
    Comments (94) | Send Message
     
    Agree. Analyst generally suck and have undisclosed positions...witness all the Justice Dept actions against these bozos.
    4 Sep 2013, 01:19 PM Reply Like
  • uberwolf
    , contributor
    Comments (10) | Send Message
     
    Doubt it - the article names the 5 entities which own the most ERW pipe. MLPs are MMP, BPL, EPD. And PSXP's parent.
    8 Sep 2013, 09:07 AM Reply Like
  • User 4542301
    , contributor
    Comments (3854) | Send Message
     
    And KMP owns 35,000 miles.
    9 Sep 2013, 07:43 AM Reply Like
  • Straychan
    , contributor
    Comments (207) | Send Message
     
    Who is Kevin Kaiser and why should anyone listen to him? Or any other analyst for that matter.
    4 Sep 2013, 11:37 AM Reply Like
  • crash9010
    , contributor
    Comments (178) | Send Message
     
    According to twitter he is a fisherman.
    4 Sep 2013, 11:42 AM Reply Like
  • Sumflow
    , contributor
    Comments (3597) | Send Message
     
    On March 1, 2002; Kurt Wulff was quoted on Kinder Morgan in The Wall Street Journal
    `
    `
    Kurt Wulff :> "This is Enron's 'asset-lite' strategy. The limited partners own the assets and the general partner gets the profits."< http://goo.gl/Bpm3Lp
    ``
    `
    Kevin came back with the same story after the market broke on Kinder's shares in 2013.
    28 Feb 2014, 07:01 PM Reply Like
  • CincinnatiRick
    , contributor
    Comments (706) | Send Message
     
    Wulff (McDep) ragged on the KMP/KMI sycophantic relationship (primarily on the basis of the IDRs) for the better part of a decade. He was continually embarrassed by the failure of his doom and gloom prognostication for KMP and in 2008 fell silent...and has never returned to the subject again.

     

    That said, I think his observations had (have?) merit. I have never owned KMP and have a small position in KMI (which is now slightly underwater) and I am actively considering adding, should Hedgeye's campaign cough up a real bargain. I am thinking under 30.
    1 Mar 2014, 11:34 AM Reply Like
  • Larry Smith
    , contributor
    Comments (3153) | Send Message
     
    I am buying more KMI, right now.
    4 Sep 2013, 11:41 AM Reply Like
  • alpinair
    , contributor
    Comments (20) | Send Message
     
    I just added KMI AGAIN! Love it
    4 Sep 2013, 11:14 PM Reply Like
  • tomlos
    , contributor
    Comments (1292) | Send Message
     
    Just picked some up on sale, thanks HedgeEye.
    4 Sep 2013, 11:42 AM Reply Like
  • grox01
    , contributor
    Comments (1067) | Send Message
     
    Me too :)
    4 Sep 2013, 11:44 AM Reply Like
  • tomlos
    , contributor
    Comments (1292) | Send Message
     
    Gotta love a good sale. Picked some up in my Mom's IRA as well.. good thing I left some cash lying around.
    4 Sep 2013, 11:46 AM Reply Like
  • grox01
    , contributor
    Comments (1067) | Send Message
     
    This seems to be your opportunity here Tomlos, has I think you weren't yet in KMI?
    4 Sep 2013, 11:51 AM Reply Like
  • tomlos
    , contributor
    Comments (1292) | Send Message
     
    I was in for my account, but had some dry powder for a family member's account that I've been saving for an opportunity such as this.
    4 Sep 2013, 12:22 PM Reply Like
  • macnet
    , contributor
    Comment (1) | Send Message
     
    somebody CREATING opportunity, he has already gotten his money from the short sale...
    4 Sep 2013, 11:44 AM Reply Like
  • pblenke
    , contributor
    Comments (5) | Send Message
     
    New best idea because? If its over valued in their opinion it would be nice to know their rationale.
    4 Sep 2013, 11:44 AM Reply Like
  • Chancer
    , contributor
    Comments (3855) | Send Message
     
    The rationale for all Hedgeye claims is:

     

    Report lies.

     

    Sell short.

     

    Make money on short sales.

     

    It is really no more complicated than that.
    9 Sep 2013, 11:43 AM Reply Like
  • User 15330582
    , contributor
    Comments (2) | Send Message
     
    agreed - clearly Hedgeye doesn't know the company well enough
    4 Sep 2013, 11:44 AM Reply Like
  • clayfire90
    , contributor
    Comments (2) | Send Message
     
    Isnt this the same outfit that is looking to bring down LINE/LNCO?
    4 Sep 2013, 11:45 AM Reply Like
  • jerrywengler
    , contributor
    Comments (650) | Send Message
     
    I think you are absolutely correct, clayfire90. That was my first thought too. After everything they tried to do to LINE, adding this to it makes me wonder why anyone would pay any attention to what he and his associates do or say anymore other than what some of the folks here say they are doing, watching and adding to positions. I added to both my Linn and KMP last week.
    4 Sep 2013, 03:50 PM Reply Like
  • Larry Smith
    , contributor
    Comments (3153) | Send Message
     
    Just addeed 100 shares @ 35.94
    4 Sep 2013, 11:48 AM Reply Like
  • tomlos
    , contributor
    Comments (1292) | Send Message
     
    Added 139 myself @ 35.97. Thank you HedgeEye.
    4 Sep 2013, 11:55 AM Reply Like
  • mydogmoe
    , contributor
    Comments (1262) | Send Message
     
    This is their best idea? What was their worst idea? Going long Eastman Kodak?...Jeeze, I'm adding...
    4 Sep 2013, 11:49 AM Reply Like
  • The Market Daily
    , contributor
    Comments (45) | Send Message
     
    Hedgeye CEO made a call to SELL ALL US Stocks in 2010.

     

    http://read.bi/1dGQF8A

     

    Hedgeye is all short-term 'ideas' and they miss the bigger long-term picture often. If you would have sold SPX at 1074 you would have missed 60% gains.

     

    My faith is with Rich Kinder. The man is the best in the business and will continue to lead this firm in a positive direction.
    4 Sep 2013, 11:58 AM Reply Like
  • bdbow
    , contributor
    Comments (6) | Send Message
     
    Thank you so much for the link. Good to know who is causing so much grief. Maybe all the ambulance chasers with their class actions against LINE/LNCO should change defendants.
    4 Sep 2013, 02:29 PM Reply Like
  • Valuentum
    , contributor
    Comments (1406) | Send Message
     
    We haven't seen a good idea out of Hedgeye yet. Frankly, we're not sure why they get any press. Look at their call to sell all US stocks in 2010. There should be some accountability for their calls.

     

    http://read.bi/1dGQF8A
    4 Sep 2013, 11:54 AM Reply Like
  • BAHAMAS1
    , contributor
    Comments (4886) | Send Message
     
    clayfire90- Yes . Same empty group, who I heard are being investigated.

     

    Kaiser, a nobody, gave a gift.
    Mr. Kinder keeps giving a gift with his unique ,well run company.
    KMP dividend now 6.7%
    4 Sep 2013, 11:54 AM Reply Like
  • Chancer
    , contributor
    Comments (3855) | Send Message
     
    Hedgeye actually revealed this before with some recent bashing comments. I did warn some investors this was coming. It worked with LNCO. Now Kinder Morgan. Who is next?

     

    This is "FORMULA" Hedgeye or the "Hedgeye formula".

     

    SEC report anybody? But Kinder Morgan with all the acquisitions has been gone through with infinite detail by the government many times. Barron's articles maybe? Kurt Wolfe who has attacked Kinder Morgan for years may crawl out of his hole.

     

    I say bring it on. Great buying opportunity for KMI, KMP, KMR.
    4 Sep 2013, 11:55 AM Reply Like
  • CincinnatiRick
    , contributor
    Comments (706) | Send Message
     
    Long KMI. Tempted to double position but, based on the dynamics of the Hedgeye assault on LINN, I expect a better buying opportunity around September 10th, when the detailed Hedgeye analysis is due out.
    4 Sep 2013, 11:58 AM Reply Like
  • Wileycoy
    , contributor
    Comments (93) | Send Message
     
    Clearly, Hedgeye, is a complete fool. He is only trying to drive the price down to make a few bucks. We don't need people like that in the market and I hope he loses his a_s on it.
    4 Sep 2013, 12:04 PM Reply Like
  • Zeus2012
    , contributor
    Comments (714) | Send Message
     
    While I disagree on this KMI call, HedgeEye has been right about interest rates and LINE / LNCO. Thus, I would not be as dismissive as some of the responses suggest.

     

    Anyway, no rush here as there's likely to be more near term volatility on this name and I can probably buy this @ $35 or below.
    4 Sep 2013, 12:08 PM Reply Like
  • MMoreda
    , contributor
    Comments (9) | Send Message
     
    It's interesting that Hedgeye would come out with this strong sell recommendation, which calls for the "collapse" of Kinder Morgan due to the fact that it's structure is a "house of cards" that is "completely misunderstood and mispriced". I can see some people drawing feeling a bit worried, especially given that Kinder is sort of an Enron spin-off.

     

    Combined KMI, KMP & KMR have a total market cap of over $70bn (this figure does not take into account the interest KMI holds in both KMP & KMR). I've followed this company for a while and am sure that, given its size, many other sophisticated investors have done so as well. This is not to say that there aren't scams out there which go unnoticed even by the "smart money". Sino-Forest comes to mind when I read this headline. It was a relatively large (~4.2bn mkt cap) company which cost John Paulson about $720mm in losses. Nonetheless, I'd be wary to take Hedgeye's word as fact until they provide a full report and sincerely find it unprofessional to come out with these allegations without providing the appropriate evidence to back them up.

     

    Finally, I wanted to note that Jefferies produced an extensive report on MLP's and initiated coverage on KMI/KMP/KMR, all with hold ratings. In their report they take an in depth look at the entire conglomerate and nothing of what they published suggests a "house of cards". They did note, however, that the companies do have a rather thin DSC. I'm not arguing who has a better read on Kinder; I'm just saying that although Hedgeye's allegations are worth taking a look at, one should probably wait for the complete details before establishing a longer-term view on the company.
    4 Sep 2013, 12:08 PM Reply Like
  • 21thomas99
    , contributor
    Comments (411) | Send Message
     
    'I can see some people drawing feeling a bit worried, especially given that Kinder is sort of an Enron spin-off.'

     

    No, KM is not an Enron spin-off. In November of '96, Kinder was forced out of Enron. The BofD at Enron viewed Kinder -- among other things, thanks to Ken Lay -- as one who wanted to stay with the pipelines business as opposed to moving Enron to the fast-paced world of energy trading, which is where Jeff Skilling comes into play as Kinder's replacement as President of Enron.

     

    After leaving Enron, Kinder and Morgan bought pipeline and related assets Enron was no longer using. Since Enron wasn't using them, and Kinder was forced out of Enron, how is KM a spin-off?
    4 Sep 2013, 12:39 PM Reply Like
  • MMoreda
    , contributor
    Comments (9) | Send Message
     
    Agreed. Response from other thread:

     

    "I tried to use the phrase "sort of an Enron spin-off" to highlight that some people might associate the two. After all, Rich was the former president and KMP purchased large amounts of Enron's hard assets. I agree that both companies are not comparable."
    4 Sep 2013, 03:30 PM Reply Like
  • Be Here Now
    , contributor
    Comments (5994) | Send Message
     
    Just added 100 shares @ 36. Thanks Hedgeye!
    4 Sep 2013, 12:18 PM Reply Like
  • kgerickson
    , contributor
    Comments (430) | Send Message
     
    I suspect this call will be a bridge to far. Not enough "unknowns" like Line/lnco. No merger to mess with. Very good KMP/KMR/KMI valuations compared to peers. Big institutional ownership. A top notch CEO who actually took the company (kmi) private with goldman and the carlyle group when it was undervalued. Huge long term insider ownership.

     

    I look forward to the report. I'm guessing the reasoning will be weak.
    4 Sep 2013, 01:01 PM Reply Like
  • virtalex
    , contributor
    Comments (345) | Send Message
     
    DAMN it is the first time a news feed got so much comments!!! Awesome...

     

    Geez I am loading KMI.. thank you - thanks you - thanks you Kevin Kaiser the fisherman!!

     

    ... but wait... gotta check their finances first... ))
    4 Sep 2013, 01:10 PM Reply Like
  • mystro1
    , contributor
    Comments (23) | Send Message
     
    What was the basis of the short suggestion? Does anyone know?
    4 Sep 2013, 01:37 PM Reply Like
  • CaptRichie
    , contributor
    Comments (26) | Send Message
     
    Aren't there laws against libel?
    4 Sep 2013, 01:42 PM Reply Like
  • Thanos Maroglou
    , contributor
    Comments (44) | Send Message
     
    Sadly between high frequency trading, dark pools, manipulative hedge funds and unethical analysts the market for individual stocks is treacherous waters for individual investors to swim in. No longer a fair game. Safer to invest in mutual funds and ETFs. Spend the extra time with loved ones, exercise, pray and sleep better
    4 Sep 2013, 01:58 PM Reply Like
  • JamesM2321
    , contributor
    Comments (73) | Send Message
     
    If you cannot stomach it move out to another asset class like real estate. I would put the vast majority of mutual funds and ETFs into the leech category. You give them your money, they lose it, and then fee you on top of it. At that they are short term traders to boot also........I invest for cashflow....keep the money coming and I wont complain. I also divested into real estate too but that also puts money in my pocket every month. I dont have time for sit back and pray....I am responsible for my finances no one else.
    5 Sep 2013, 09:37 PM Reply Like
  • jimlewin
    , contributor
    Comments (257) | Send Message
     
    I see most commentators are effusive over Kinder, and I am only a causal observer of the Kinder group, but I remember all the adulation of Dennis Kozlowski before the Tyco scandal hit. We seem to be in a time where greed and narcissism rule and I will wait to see if Kinder is in this group before I put anything into the company.
    4 Sep 2013, 02:08 PM Reply Like
  • 21thomas99
    , contributor
    Comments (411) | Send Message
     
    Richard Kinder is not about greed or narcissism.

     

    No, I don't know him personally. However, going by his business practices, Kinder displays examples of the antithesis of greed and narcissism.
    4 Sep 2013, 03:56 PM Reply Like
  • The Market Daily
    , contributor
    Comments (45) | Send Message
     
    No corporate jet. Pays himself $1 and buys more Kinder Morgan stock even though he has plenty. The man is what every shareholder should want.
    4 Sep 2013, 05:31 PM Reply Like
  • HedgerMan
    , contributor
    Comments (25) | Send Message
     
    Just wait until he gets his buddies at Barron to write about KMP/KMI's accounting problems and then the shorts will come out!
    Maybe the SEC should investigate Hedgeye?
    4 Sep 2013, 02:28 PM Reply Like
  • JamesM2321
    , contributor
    Comments (73) | Send Message
     
    Then BILLIONAIRE Rich Kinder and multibillion dollar Kinder Morgan group should go after them like white on rice. I'm a unit holder and wouldnt mind my company going after these scums.
    5 Sep 2013, 09:37 PM Reply Like
  • GM32
    , contributor
    Comments (2) | Send Message
     
    Thanks for the pullback 11b in investments and this Co. will be much higher in the future
    4 Sep 2013, 02:28 PM Reply Like
  • CoryJ
    , contributor
    Comments (8) | Send Message
     
    At what point is this market manipulation? At least other firms like Muddy Waters will put out their research along with the call.
    4 Sep 2013, 02:28 PM Reply Like
  • Rational Joe
    , contributor
    Comments (5) | Send Message
     
    My first impulse is to load up on KMR (my usual favorite). The question becomes whether this buying opportunity is fleeting and disappears tomorrow or is the opening dip in an ongoing grind downward while this battle plays out.

     

    Now I'm considering instead KMI warrants might be the way to play this as it unfolds. They are down 5+% today.

     

    1) If this dip evaporates tomorrow, 100 warrants today is like picking up 100 KMI for the future with minimal initial risk ($500 or so). The warrants are currently OTM but not unreasonably so, and have an expiry in 2017.
    2) If this is an ongoing grind downward/sideways but one maintains their bullish outlook, one can potentially enter multiple (7x) KMI.WT positions for the same cost as 100 KMI today. That enables one to build a potentially much larger position over a longer time-frame with minimal additional exposure per transaction and possibly even better entry points.
    3) The concern then though is this rhetoric damages the stock price deep enough or for long enough that reaching the strike price by expiry becomes much less likely and the warrants are worthless.

     

    Thoughts anyone?
    4 Sep 2013, 02:29 PM Reply Like
  • BTinSF
    , contributor
    Comments (302) | Send Message
     
    I don't like buying bullish options on stocks that pay a high dividend. Collecting the dividend helps me sleep through the sturm und drang. And when you buy an option (or warrant) you have to figure the cost into your basis in the stock if you end up in the money. When a high yield stock like any of the KM_s is a screaming bargain, just buy the stock. By the time your warrants expire, you can SUBTRACT the capital returned from your basis rather than adding the cost of the warrants.
    4 Sep 2013, 05:15 PM Reply Like
  • Zeus2012
    , contributor
    Comments (714) | Send Message
     
    The dividends are priced into the options and this particular warrant is protected against rises in dividends.
    4 Sep 2013, 05:46 PM Reply Like
  • Larry Smith
    , contributor
    Comments (3153) | Send Message
     
    I added a 100 shares of KMI today, so I put my money where my mouth is. As someone else pointed out, Richard Kinder and other management folks have a good deal of money in KMI, I don't think they have it there to lose it.

     

    My guess is tomorrow, someone may come out with a bullish call, I am sure other hedge funds, brokerage houses are long so they may want to beat the bullish drum.

     

    This country is in the middle of an energy renaissance, the build out of the infrastructure is ongoing, but those that already have pipe in the ground will benefit most. Kinder has billions of dollars of additional projects on tap which will build payouts for a long time. Kinder Morgan will be fine.
    4 Sep 2013, 02:46 PM Reply Like
  • kgerickson
    , contributor
    Comments (430) | Send Message
     
    I see Deutsche Bank is out with a note defending KMI. Guessing that the story may be about KMP's CO2 business that contributes 18% of ebitda in 2013. Notes that their hedge reporting is different from other e&p companies in that they report actual cash generated from its production and does not include non-cash impacts. KMP's CO2 business was 30% in 2010 and will be around 15% in 2015. All clearly known.

     

    There KMI tgt 48.
    4 Sep 2013, 02:52 PM Reply Like
  • Larry Wrede
    , contributor
    Comments (222) | Send Message
     
    I also picked up some more today. Richard Kinder has a proven track record and also recently bought somewhere in neighborhood of $18 million of KMI using his personal money. This company is rapidly expanding and should be a cash cow for the foreseeable future. Hard to explain the panic today, but should soon wash out all the weak holders of this stock; in turn, making for a huge short squeeze over the next few months. I would not be surprised if insiders aren't licking their chops and buying more at these prices.
    4 Sep 2013, 03:00 PM Reply Like
  • WDL
    , contributor
    Comments (687) | Send Message
     
    Kinder and other insiders own around 35% of KMI. This doesn't sound right
    4 Sep 2013, 03:01 PM Reply Like
  • 21thomas99
    , contributor
    Comments (411) | Send Message
     
    WDL,

     

    How doesn't it sound right?
    4 Sep 2013, 04:00 PM Reply Like
  • toomuchgas
    , contributor
    Comments (969) | Send Message
     
    This clown tanked LINN by not counting the assets on the balance sheet, only the liabilities. Investors need to shake and bake Kaiser. The negatives he points out in KM could be applied to all MLPs.
    4 Sep 2013, 04:12 PM Reply Like
  • SteinwayCapital
    , contributor
    Comments (219) | Send Message
     
    .the real troubles will start when the utilization rate of these pipelines goes down after the shale boom turns into a pipe dream.. One of the notions I have a hard time understanding is all the LNG export wet dreams that are heralded by pundits with great fanfare.. usually the pundits dont get it right.. that at least is my experience from reading through industry expert voluminous reports.. market research its called. it too many articles I have seen the notion that USA LNG exports will create lots of changes in trade flows even substantially affect Russian trade flows say to Europe. This could be somewhat of a politicians or journalist's wet dream. The reality in 3-5 years may look very different and depending what that momentum would be, it may affect KMI in ways nobody wants to envision now that the dividend bells of this pavlovian dog are tinkering.. My chips on the kmi warrants are off and not put back on for a while. I have grown weary of too many pundits heralding the LNG export championship of US or future yet to be championship that sounds a bit like Brazil vying for the hexa or pentacampeonato in soccer.. everytime there is a world champtionship, new T-shirts will be printed.. this time the championship is ours.. There is always some basis for these bold prognostications but plenty of things can go wrong till the finish line. A stock is evidently not a surefire way to put the nest eggs over the finish line. Bankers have no intention to kill the goose laying the golden eggs. That goes without saying. KMI though is a slave to bankers in no small way. One thing I have learnt on momentum plays is not to be married to a position. The whole MLP investment theme in some ways has run its course. YOu have to be a pundit to be able to make sense of what goes on. when the bad news hits, nobody will know why. investing in MLP is not the same as value investing. IN a systemic crack, the whole sector may look overvalued. No amount of relative value fingerpointing will help put the scorched buns out of the fire. toast bread is what's for dinner then.
    4 Sep 2013, 04:12 PM Reply Like
  • bspear
    , contributor
    Comments (9) | Send Message
     
    This reminds me of when a guy, Kurt Wulff - McDep.com, was pounding the table on Kinder's companies with a "Strong Sell" on all three , KMI, KMP and KMR, until KMI went private in 2006 after a 100% increase or so. Then he quit covering KM's.

     

    Here's one of his calls on Kinder from 2003: http://bit.ly/1ajUIY2
    This also mentions El Paso.

     

    4 Sep 2013, 04:25 PM Reply Like
  • Rohrshack
    , contributor
    Comments (148) | Send Message
     
    I for one am unhappy that I recently purchased additional KMP before this news came out. I wish I would have waited but who knew? On the other hand, I think that I will try to hold my fire, in the future, and wait for HedgeEye to recommend another short before pulling the trigger. That strategy seems to be a winner in today's market culture. If I had any ammunition left in my arsenal, I would probably buy more KMP next week, when the whole report becomes public, and KMP drops lower.
    4 Sep 2013, 04:28 PM Reply Like
  • BTinSF
    , contributor
    Comments (302) | Send Message
     
    Depending on where you purchased it, looking at a chart for a couple of years may make you feel better. The KM_s seem to have big periodic dips with higher lows but they come back. Unless you bought near a recent periodic top, I don't think you'll do badly.

     

    And, oh by the way, be sure to subtract any returns of capital you may have received since buying from your basis before comparing it to the current price of the shares. Had you not bought when you did, you wouldn't have gotten it.
    4 Sep 2013, 05:21 PM Reply Like
  • User 14263522
    , contributor
    Comments (226) | Send Message
     
    me too. added to kmi and wmb
    4 Sep 2013, 05:05 PM Reply Like
  • crash9010
    , contributor
    Comments (178) | Send Message
     
    The way Hedgeye does this stuff makes me think they do all of it for the reaction that has taken hold...nothing more. Seems like a scheme rather than a fact based article or business. Like a person that wants a distraction inorder to do something that they don't want others to see or to fabricate a short term environment that benefits a select few.
    4 Sep 2013, 06:17 PM Reply Like
  • das555
    , contributor
    Comments (351) | Send Message
     
    Another self fulfilling prophecy actualized by the uninformed lemmings...
    4 Sep 2013, 07:28 PM Reply Like
  • hanszarkov
    , contributor
    Comments (22) | Send Message
     
    Thanks to the nitwits at hedgeye. They just gave me a great buy opportunity.
    4 Sep 2013, 11:19 PM Reply Like
  • Wileycoy
    , contributor
    Comments (93) | Send Message
     
    The SEC should be investigating HEDGEYE! Their closet is full of skeletons.
    5 Sep 2013, 02:04 PM Reply Like
  • BAHAMAS1
    , contributor
    Comments (4886) | Send Message
     
    Just heard Mr. Kinder just bought 500k shares
    9 Sep 2013, 12:32 PM Reply Like
  • toomuchgas
    , contributor
    Comments (969) | Send Message
     
    If KMI and Richard Kinder is taking such advantage of KMP and KMI is benefiting so much by not performing maintenance how come KMI is tanking so bad?
    1 Mar 2014, 09:25 PM Reply Like
  • KMR holder
    , contributor
    Comments (720) | Send Message
     
    It could be market sentiment partially precipitated by bad press.

     

    Share prices are determined by at least two factors. The value of the shares and the market's perception of the value of the shares.

     

    Investors chose to buy shares when the perception of value is too low. They sell when they think the perception is too high. Some value income streams others value capital growth, some value total appreciation in determining the proper value of a security.

     

    I do not however agree with your premise that KMI and Richar Kinder is taking advantage of KMP. The benefits of KMI in relation to KMP are based on the partnership/management terms. KMI has rights and obligations to KMP and KMP has rights and obligations to KMI.

     

    An investor has the option of owning or not owning either security at the current market price.
    2 Mar 2014, 09:15 AM Reply Like
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