Wolfhounds

Natural Gas Demand Continues to Decline

Great short term thinking. Let's look at KMP, in this nasty recession, raising it's 2009 payout estimate to $4.2 from $4.02. Granted, that's only a 5% increase compared to their average 8-9% increases over time, but it's still an increase. Given the high quality management team which is earns no salary, I'd take their estimates over your hedged guesses.

Oh yes, about that over supply issue. CHK may be delivering a lot less gas given their precarious financial situation.