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  • Kinder Morgan Suffers Mounting Oil Losses [View article]
    Totally. He may very well have a valid point that the GP is pillaging the LP but with the ridiculous Bear comparison (and Enron and Carlyle Capital (HA!) comparisons in earlier articles) and the misunderstanding of basic finance it's impossible to take him seriously. I would be interested in seeing an analysis of this GP/LP relationship from someone who actually knows what he's talking about.
    May 20 12:39 pm |Rating: 0 0 |Link to Comment
  • Kinder Morgan Suffers Mounting Oil Losses [View article]
    Author should also realize that selling oil production forward is not the same as shorting. That is very basic finance.
    May 20 12:07 pm |Rating: 0 0 |Link to Comment
  • Kinder Morgan Suffers Mounting Oil Losses [View article]
    So this guy is comparing KMP, an entity with very stable cash flows that is levered 1.7x to equity, to Bear Stearns which was levered 30x+ and had lots of highly speculative investments? I think this author may be slightly biased. And by 'slightly', I mean ridiculously obviously.
    May 20 12:04 pm |Rating: 0 0 |Link to Comment
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