WSJ: GIP considering sale of Ruby Pipeline stake


Global Infrastructure Partners currently owns 50% of Ruby Pipeline, with Kinder Morgan (KMI +0.8%) owning the other half, though KInder is slated to sell its stake to El Paso Pipeline Partners (EPB +0.9%).

KMI, EPB both report Q1 results tonight.

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Comments (4)
  • Ruffdog
    , contributor
    Comments (3432) | Send Message
     
    I thought KMI owned all of Ruby, I was wrong.
    16 Apr 2014, 01:50 PM Reply Like
  • Eric Rasbold
    , contributor
    Comments (161) | Send Message
     
    Hmmm. This should be interesting.

     

    Long KMI, KMP and EPB
    16 Apr 2014, 02:29 PM Reply Like
  • citracyde
    , contributor
    Comments (211) | Send Message
     
    Anyone have a view the fundementals on what half of Ruby represents?
    16 Apr 2014, 03:08 PM Reply Like
  • Robert Furman
    , contributor
    Comments (2) | Send Message
     
    Thinking that sale may go quite a ways toward funding future development programs that KMI has referenced.

     

    That would shoot a big hole in all of theories/worries of KMI having increased costs of funding future projects.

     

    As the old saying goes - cash is usually a pretty good way to pay .

     

    Wondering what half of Ruby would bring??
    17 Apr 2014, 01:44 PM Reply Like
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