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  • Kinder Morgan's Death Spiral Puts The Unthinkable Squarely On The Table  [View article]
    Ask any of us who are still working off six figure losses from the 2001 crash. The maximum deduction for losses is $3000 annually. Congress doesn't even index for inflation. That same loss pool can offset gains, but one has to sell (for at least 30 days) to use the gain offset.
    Dec 5, 2015. 08:51 AM | Likes Like |Link to Comment
  • Western Refining's Buyout Proposal Will Bolster Dividend And Lead Further Growth  [View article]
    I am voting NO to the buyout. NTI is worth a lot more and no one is saying otherwise. It is worth more to me on a dividend basis and it is worth more as a long term investment. Hopefully enough people will agree with the common assessment I see and vote NO as well.
    Dec 4, 2015. 07:41 PM | 2 Likes Like |Link to Comment
  • How Has Seadrill Partners Maintained Its Distribution?  [View article]
    The dividend would return roughly 36% over the six quarters (without getting into the value of money and appreciation over time). You would need roughly four years (less if you reinvest dividends) to get to a point where the shares are "free."
    Sep 24, 2015. 10:20 PM | 6 Likes Like |Link to Comment
  • Why Do You Own Kinder Morgan?  [View article]
    I own KMI and have held it for 20 years. My net cost is substantially lower, but increasing dividends and growth will do that. The scare tactics used over the past 10 ears don't seem to stick and the management is excellent. I also owned WMB until the recent run-up due to the buyout noise, when I sold it all. It has now retreated to the level it was at before the buyout and I will probably buy it back again with 25% more shares thanks to the buyout cycle. Why choose between them when you can have them both and a little diversification as well.
    Sep 10, 2015. 12:16 PM | 12 Likes Like |Link to Comment
  • Kinder Morgan's Debt Level Should Scare You  [View article]
    Kinder Morgan Pipeline did exist starting in 1986. I purchase KMP in 1988 and continued purchasing it in various accounts I manage as well as several of my own accounts until they were absorbed by KMI. There was no point in that time period that KMP was not publicly traded.
    Aug 9, 2015. 06:21 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan's Debt Level Should Scare You  [View article]
    You miss the fact that you are comparing a pipeline company to oil companies who have significant commodity pricing exposure. Every few years, someone comes along and tries to make the case that the sky is falling, and every few years there is a buying opportunity. I bought Kinder starting in 1988 for the increasing dividend and continue to own it today for the same reason. Hopefully none of the responders here are actually trading a pipeline company, because that would be the real tragedy.
    Aug 3, 2015. 03:47 PM | 9 Likes Like |Link to Comment
  • Kinder Morgan's Debt Level Should Scare You  [View article]
    I don't understand the comparison to SDRL and LNCO, neither of which is in the same business. SDRL suffers when deep sea drilling stops because the price of oil makes it unattractive, but their rig contracts extend out for quite some time. If you believe that oil demand will recover, then SDRL is a bargain here. LNCO is oil, with a direct correlation between the price of oil and what they get paid. That is the dicey business proposition of the three. Kinder Morgan, who I have owned since 1988, has outstanding management and maximizing shareholder value has been their forte for as long as I have owned them. While Kinder does own some oil, it isn't enough to be concerned about in this market, IMO. The question is, will companies continue to ship product via Kinder's pipelines, and if not, do they have backups that could fill the change. I believe they do.
    Aug 3, 2015. 03:37 PM | 14 Likes Like |Link to Comment
  • MKM Partners chief technician offers MLP buy and sell selections  [View news story]
    Correct. Ended a 26 year love affair with KMP and Richard Kinder.
    Mar 26, 2015. 05:24 PM | 1 Like Like |Link to Comment
  • MKM Partners chief technician offers MLP buy and sell selections  [View news story]
    I assume he is worried about the price of oil staying low into 2017 when SDLP has two rigs that could come off lease.
    Mar 26, 2015. 05:22 PM | 1 Like Like |Link to Comment
  • Orange juice futures spike 21% in 72 hours  [View news story]
    Like oil, the price variance isn't based on supply and demand so much as traders riding the tape down, then turning around and riding it back up. If anyone buying a contract was required to take delivery, then the futures would reflect demand.
    Mar 25, 2015. 11:05 AM | Likes Like |Link to Comment
  • Blood In The Water - Time To Buy BP Prudhoe Bay Royalty Trust  [View article]
    LOL. Trading an oil royalty trust? Whew! Good you got out.
    Feb 26, 2015. 07:32 PM | 1 Like Like |Link to Comment
  • Blood In The Water - Time To Buy BP Prudhoe Bay Royalty Trust  [View article]
    You can verify the following with the Trust management, but essentially, the last verification of the production capabilities showed that they would meet the minimum production levels until at least 2027 which was the 25 year projection at the time. The opportunity here is increasing oil prices balanced against your investment and the eventual shutdown of the Trust. You can develop your own model with all the various assumptions, but the key is the verification of the life of the field. It will continue to produce after that point on a declining basis (I have heard, but not verified seven to eight years on a declining basis) but the decline is irrelevant until the production actually starts to decline. I plan on watching this for something that looks like a bottom in oil and then committing. As for the distribution declining quickly in four years, I would suggest that the statement is made in contrast with the facts relating to the production life of the field. There is money and income to be made here, just don't jump too quickly.
    Feb 26, 2015. 07:30 PM | 1 Like Like |Link to Comment
  • Ramping Up Reform In Brazil  [View article]
    I can't speak to the rail system, but the highways are modern, if one uses four lane divided with cloverleaf interchanges as the criteria for modern. I traveled to most of the major cities throughout the country and did not observe a problem with the highway system at any point. As for rail, I don't know what that would do plus/minus the economy, but they seem to be doing fine from a manufacturing point of view. I'll leave the political analysis to you, but it does tend to weaken your position in light of the misstatements regarding highway infrastructure.
    Dec 15, 2014. 05:41 PM | Likes Like |Link to Comment
  • Cramer's Lightning Round - The Shorts Have Been On The Wrong Side Of LinkedIn (9/9/14)  [View article]
    Not sure I understand your response. Can you elaborate?
    Sep 11, 2014. 09:44 AM | Likes Like |Link to Comment
  • Here's The Alarming Table Kinder Morgan Doesn't Want You To See  [View article]
    No, just lazy.
    Aug 12, 2014. 01:14 PM | Likes Like |Link to Comment