Kinder Morgan Partners files to sell 6.9M common units, -2.1% AH


Kinder Morgan Partners (KMP) -2.1% AH on news it is commencing a public offering of 6.9M common units, according to an SEC filing.

UBS, Barclays, BofA Merrill Lynch, Morgan Stanley and Wells Fargo will act as senior joint book-running managers.

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Comments (9)
  • Scooter-Pop
    , contributor
    Comments (4692) | Send Message
     
    Growing the Asset Base while the Demand for Pipelines/Nat Gas Plants is High. Maybe an Acquisition or five this year?
    18 Feb 2014, 05:06 PM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1466) | Send Message
     
    How much of a discount are they planning on selling this new offering for ?
    18 Feb 2014, 07:28 PM Reply Like
  • MrSinatra
    , contributor
    Comments (83) | Send Message
     
    they should make the offering to existing stockholders first, assuming that's allowed
    18 Feb 2014, 07:39 PM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1466) | Send Message
     
    Most of the time they simply sell the whole amount to brokers who then pass along some of the discounts to their best customers, meanwhile Joe no body can't get in on the deals unless the stock tanks near or below the discounted reprice of the secondary.

     

    Most brokers make out like bandits on these things.
    18 Feb 2014, 08:32 PM Reply Like
  • CimGlenn
    , contributor
    Comments (48) | Send Message
     
    This dog doesn't move for months and they file? WTF?
    18 Feb 2014, 09:04 PM Reply Like
  • Ruffdog
    , contributor
    Comments (3424) | Send Message
     
    With a 7% yield it does not have to move much. Especially with call and put writing. I had sold the 80 Jan calls and puts against my shares. Close to the expiration date I rolled the 80 Jan put to the 75 May puts and let the Jan 80 calls to the 80 Mar calls; great strategy! There is so much premium on the options how can you go wrong?
    18 Feb 2014, 09:52 PM Reply Like
  • 167chevelle
    , contributor
    Comments (13) | Send Message
     
    Iam really worried about KMP can any one tell me what is going on sell or hold?
    20 Feb 2014, 02:24 PM Reply Like
  • Clayton Rulli
    , contributor
    Comments (3408) | Send Message
     
    Hold. Keep getting the high yield plus the 5% DRIP bonus!
    21 Feb 2014, 01:07 PM Reply Like
  • Scooter-Pop
    , contributor
    Comments (4692) | Send Message
     
    Clayton,

     

    Adding to EPB, KMR, KMP. EPB has taken to biggest hit so averaging in. Buy orders in on other two. ANYTHING KINDER going forward!!
    21 Feb 2014, 05:52 PM Reply Like
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