Kinder Morgan issues not fully resolved, Jefferies says

Questions around Kinder Morgan's (KMI) maintenance capex practices and the capex treatment of acquired assets have not been fully resolved after yesterday's conference call with CEO Richard Kinder, Jefferies says.

As a result, the firm does not expect the Kinder family of companies to outperform peers; it maintains its Hold rating and $38 price target on KMI, preferring Williams Cos. (WMB) and Targa Resources (TRGP).

In the premarket, KMI +0.4%, KMP +0.1%, KMR -0.6%, EPB flat.

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Comments (8)
  • grox01
    , contributor
    Comments (1133) | Send Message
    Traduction... "We are not finish buying and accumulating the stock at this moment"!
    19 Sep 2013, 09:19 AM Reply Like
  • crash9010
    , contributor
    Comments (181) | Send Message
    I hate statements like these as they don't explain what is left to say to "fully resolve" the issue for this analyst. I have found myself becoming very cynical of all these guys as way too many push out agendas and misinformation to further their goals not yours as an investor.
    19 Sep 2013, 10:00 AM Reply Like
  • Chancer
    , contributor
    Comments (4373) | Send Message
    Many analyst guys are just following market trading sentiment now. They are not looking at value or future potential. I saw that when they cut targets because shorts attacked even if short reasoning was bogus. When short attacks ended, they raised their target prices.
    19 Sep 2013, 12:19 PM Reply Like
  • Be Here Now
    , contributor
    Comments (6262) | Send Message
    No detail on why. Without the detail, Richard Kinder wins this debate easily.
    19 Sep 2013, 11:06 AM Reply Like
  • Techbug
    , contributor
    Comments (129) | Send Message
    They may not want to give a reason, if any, because they want to trade on it profitably. Information is money. Why should they give it away freely. Also, it is possible that there is no information of value; just an opinion, expressed to create an impression in the market, perhaps to protect a short position.
    19 Sep 2013, 11:26 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2863) | Send Message
    The full analyst note is given to clients, not published. The has a lot more detail than the link above gave.

    19 Sep 2013, 12:21 PM Reply Like
  • lsuavecito
    , contributor
    Comments (2545) | Send Message
    Analysts, Shmanalysts, 9 to 5ers talkin' that talk while Mr. Kinder, not sayin' much, but walkin' the walk.......He bought $18M worth of KMI.
    Now, I'm not an ANALyst, but would a savvy dude blow $18M on a pig in a poke, huh?
    If these so called analysts were so sharp, they would clean up and quit toiling at their 9 to 5 jobs.
    Let us all remember the 'fabulous analyzing job' Moodys/S&P did prior to the latest financial fiasco.
    19 Sep 2013, 01:20 PM Reply Like
  • juluku
    , contributor
    Comments (28) | Send Message
    This is crowd-sourced student-body-left daytrading. Hedgeye is publicly making the market on this this right now. I'm going to keep covering up my position with ITM calls when high and buying back when low (KMR of course). I'll hold my position, take my distributions and keep my cap gains treatment on the core holding while these guys play around with this stock.
    19 Sep 2013, 04:21 PM Reply Like
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