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Started By
Message
Thoughts on Kinder Morgan
Posted on 10/26/15 at 2:52 pm
Posted on 10/26/15 at 2:52 pm
I've been eying KMI recently, nearing 52 week lows. Awesome yield, but the dividend is not expected to grow as much next year which shouldn't be surprising. Any thoughts on beginning a long term position with this company? Any glaring reason to stay away?
6
Posted on 10/26/15 at 2:55 pm to elleshoo9
Posted on 10/26/15 at 3:01 pm to elleshoo9
They recently reduced their expectations for dividend growth from 10% annually to 6-8% annually for the next 5 years. Kinder Morgan makes up about 6% of my portfolio so I'm very bullish on them and am still happy with the expected dividend increases.
Posted on 10/26/15 at 3:03 pm to Grits N Shrimp
Hell, I'll gladly take a 6% increase each year with a 7% starting yield
Posted on 10/26/15 at 3:04 pm to TigerTatorTots
Exactly
Posted on 10/26/15 at 3:13 pm to Grits N Shrimp
That's my mindset. Just making sure I'm not missing something
Posted on 10/26/15 at 6:17 pm to elleshoo9
KMI actually has a sizable crude exposure once their hedges roll off in 2016, 57,000 b/d in 2015. Not saying that should be a deal breaker on deciding to invest, but it could be a hindrance on future dividend growth if prices stay depressed.
Posted on 10/27/15 at 7:01 am to sneakytiger
quote:
KMI actually has a sizable crude exposure once their hedges roll off in 2016, 57,000 b/d in 2015. Not saying that should be a deal breaker on deciding to invest, but it could be a hindrance on future dividend growth if prices stay depressed.
Can you explain this a little more and the implications?
Posted on 10/27/15 at 9:35 am to elleshoo9
If crude oil prices remain depressed through 2016-17, it's going to impact KMI negatively perhaps more than some expect.
Posted on 10/27/15 at 9:51 am to Grits N Shrimp
Kinder Morgan was once the largest oil producer in Texas.
Posted on 12/4/15 at 11:34 am to elleshoo9
Anyone still trying to catch this knife?
Posted on 12/4/15 at 3:06 pm to eye65
Yikes
Haven't been paying attention to the price. Holey moley
Haven't been paying attention to the price. Holey moley
Posted on 12/4/15 at 7:03 pm to TigerTatorTots
Time to buy more shares! 
Posted on 12/6/15 at 10:26 pm to elleshoo9
They have 45 Billion in debt and only $330 Million cash. How will they service this debt? Will they have to CUT the DIV?
Posted on 12/7/15 at 9:56 am to djmicrobe
Energy sector down big today. Was there some kind of announcement?
I see...
I see...
This post was edited on 12/7/15 at 10:00 am
Posted on 12/7/15 at 4:23 pm to djmicrobe
It was announced Friday that the dividend was under review.
Posted on 12/8/15 at 3:48 pm to Jag_Warrior
They just announced the dividend cut.
Down to $0.50/share annually from $2.04/share annually
LINK
ETA: There is a conference call to discuss their guidance update tomorrow morning (7:30am CT). Link to Webcast
Down to $0.50/share annually from $2.04/share annually
LINK
ETA: There is a conference call to discuss their guidance update tomorrow morning (7:30am CT). Link to Webcast
This post was edited on 12/8/15 at 3:56 pm
Posted on 12/8/15 at 5:53 pm to Blue Horseshoe
But Rich Kinder said they are a toll road operator! Commodity prices do not affect them! 
Posted on 12/8/15 at 6:04 pm to sneakytiger
Soooo time to buy soon? (I never bought any since i started this thread).
Posted on 12/8/15 at 6:05 pm to Blue Horseshoe
As the ship sinks!
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