ByAlbert Alfonso:El Paso Pipeline Partners (EPB) has always been the red headed stepchild of the Kinder Morgan group. While it does offer a better yield than Kinder Morgan Energy Partners (KMP) (8% vs 7.30%), its paltry 2% estimated distribution growth rate for 2014 has turned off many investors.
After seven months of investigating Goldman Sachs' legal and compliance divisions, former NYFed examiner Carmen Segarra found numerous conflicts of interest and breach of client ethics (specifically related to three transactions - Solyndra, Capmark, and the El Paso / Kinder Morgan deal) that she believed warranted a downgrade of Goldman's regulatory rating. Her bosses were not happy, concerned that this action would hurt Goldman's ability to do business, and, she alleges, they urged her to change her position.
ByAdam Jones:As a result of the El Paso purchase by Kinder Morgan Inc (KMI), holders of El Paso shares were given a warrant on KMI common stock as a part of the transaction. The warrants are now widely traded and liquid under a variety of symbols (KMI-WT on Yahoo Finance).
Kinder Morgan Energy Partners LP, the biggest U.S. pipeline company, said fourth-quarter profit rose as it shipped more gas in its interstate pipelines and expanded its network.
Net income increased to US$614-million from US$475-million in the same quarter of 2011, Houston-based Kinder Morgan said in a statement today. After payments to Kinder Morgan Inc., its parent company, Kinder Morgan earned 64 cents per unit, 13 cents more than a year ago.
By Todd Johnson:This article highlights the rationale to own Kinder Morgan, Inc. (KMI) and sell equities associated with Kinder Morgan. Kinder Morgan's role as General Partner has Incentive Distribution Rights (IDR) which explicitly indicate the shortcomings of not owning Kinder Morgan, the General Partner.