Kinder Morgan Inc (KMI)

[Prudent Capitalist]

The Motley Fool article and analysis on KMI and 2 other similar plays, in which KMI is couched as being a dirt cheap value play with high octane total returns coming is also a huge positive. it also mentions the 4% dividend, which is projected to be increased by 25% this year.

[biotech_researcher]

The Fed meeting today was very bullish for rates and KMI..

[Prudent Capitalist]

Another new 52-week high here today! Liking the continued upward momentum in the share price along with Richard Kinder's aggressive insider buys of late.

[Prudent Capitalist]

New 52-week high for KMI this morning is another bullish signal

[Prudent Capitalist]

Agree. Very Bullish signal to have Richard Kinder accumulating such large blocks of additional shares down here.

[biotech_researcher]

KMI - With another 300k share purchase on Friday, Richard Kinder has now PERSONALLY bought > $61 Million of KMI stock since 1/29/19 Bullish

[biotech_researcher]

KMI has been “discovered”..

[biotech_researcher]

Link: Game-Changing Update From Kinder Morgan: Free Cash Flow Positive In 2019 $KMI
https://seekingalpha.com/article/4235579

[biotech_researcher]

Kinder Morgan, Inc. (NYSE:KMI) just provided the market with a crucial update on its financial trajectory, operational goals, and market outlook. What really stood out to me was the detailed commentary regarding its 2019 capital expenditure budget, as its cash flow position is significantly stronger than it initially appeared. As things stand today, it looks like KMI will be organically free cash flow positive (defined as distributable cash flow exceeding growth capital expenditures and dividends) yet again this year (after being so last year). That has very positive wide-ranging implications for the company, especially as Kinder Morgan plans to boost its yield from 4.6% to 5.7% (based on where KMI is trading as of this writing). Let's dig in.

[benfrankledger]

After clarifying comments from management, it appears Kinder Morgan will actually be free cash flow positive this year.

It turns out that $0.6 billion of Kinder Morgan's 2019 growth capex budget is for retiring JV-level debt.

Using cash to pay down debt isn't the same as growth capex, and the headline budget number obfuscates that point.

Great news for its dividend and its fundamentals.

[Jdoggg]

KINDER MORGAN CANCELS PIPELINE!! https://www.ftmig.com/energy-mining/kinder-morgan-cancels-gas-pipeline-project/

[biotech_researcher]

Kinder Morgan -Chairman Just purchased 500,000 additional shares on 9/27. He currently owns 235 million shares.

https://twitter.com/insideralertsia/status/1045416055559065601?s=21

[biotech_researcher]

Kinder Morgan Canada Limited - Trans Mountain Pipeline and Expansion Project Transaction Closes $KMI
https://seekingalpha.com/pr/17258581

Finally!

[biotech_researcher]

Trans Mountain is currently taking measures to suspend construction related activities on the project is a safe and orderly manner,” Kinder Morgan Canada Ltd. president Ian Anderson said in a release, adding that a favourable decision was not a condition of the company’s sale of the project to Ottawa.

[biotech_researcher]

Kinder Morgan (KMI) Presents At Citi One-on-One MLP/Midstream Infrastructure Conference - Slideshow $KMIhttps://seekingalpha.com/article/4200151

Undervalued....

[biotech_researcher]

Europe will import more US natural gas, Trump and Juncker say after meeting

European Commission President Jean-Claude Juncker said the EU will build more terminals to import liquefied natural gas, or LNG.

Read more: https://www.cnbc.com/2018/07/25/europe-will-import-more-us-natural-gas-trump-and-juncker-say.html

KMI positive..

[benfrankledger]

Kinder Morgan's plans may have just changed following the $3.5 billion sale of its Trans Mountain Pipeline expansion project to the Canadian government -- some analysts think for the better.

While the expansion represented $5.7 billion of the company's projected $10.3 billion increase in annual adjusted EBITDA from growth projects in the pipeline, the sale removes uncertainty and provides a whole lot of cash to plow into other investments.

Those could be midstream assets or additional natural gas pipelines, which comprise the remaining growth projects in its backlog.

[biotech_researcher]

This is a terrific outcome for KML/KMI..

[mick]

KMI News: Current Report Filing (8-k) 05/29/2018 09:06:40 AM

[mick]

KMI News: Trans Mountain Pipeline System and Expansion Project to Be Sold for C$4.5 Billion 05/29/2018 09:05:00 AM

[mick]

KMI News: Current Report Filing (8-k) 05/14/2018 04:14:26 PM

[mick]

KMI News: Specialized Disclosure Report (sd) 05/10/2018 04:42:06 PM

[mick]

KMI News: Current Report Filing (8-k) 05/07/2018 06:07:32 AM

[mick]

Kinder Morgan, Inc. (KMI)
16.65 ? 0.09 (0.54%)
Volume: 9,049,206 @ 1:52:23 PM EDT ET
Bid Ask Day's Range
- - 16.45 - 16.69
KMI Detailed Quote

[TREND1]

Thanks

[biotech_researcher]

Div is not 3% anymore. $.8/ $16.54= 4.8%

[TREND1]

Ex-Div Date =01/30/2018

[TREND1]

DIV = 3.02%

[TREND1]

EPS=.01

[TREND1]

KMI PPO(5,200,1) TEST

[biotech_researcher]

I expect KMI timed the pull back from Trans Mountain perfectly. Loans won’t solve this issue. It is all politics. I sure hope it works out.

[benfrankledger]

$KMI Kinder Morgan (NYSE:KMI) says recent events confirm that an investment in the Trans Mountain pipeline expansion may be “untenable” and that the Canadian government’s pledge of financial support does not resolve political risk related to British Columbia’s opposition.

"It has become clear this particular investment may be untenable for a private party to undertake. The events of the last 10 days have confirmed those views,” KMI CEO Steven Kean said during this afternoon's earnings conference call.

B.C. said today that it would file a legal challenge by the end of this month to determine whether it has the jurisdiction to stop the C$7.5B project, which was approved by the federal government in 2016.
The legal process would tie the project up in court past KMI's May 31 deadline set earlier this month to scrap the expansion unless all legal and jurisdictional challenges are resolved.

Separately, Caisse de Depot et Placement du Quebec - Canada's second largest pension fund manager - disclosed it held 10.2M shares of Kinder Morgan Canada as of year-end 2017, potentially bringing it into the Trans Mountain dispute; it is not known how many shares Caisse currently holds.

Kinder Morgan Canada (OTCPK:KMLGF), which was spun off from its parent company last May, today reported Q1 net income of C$44.4M (US$35.1M), down 5% from C$46.8M for the same period last year.

[benfrankledger]

$KMI don't disagree. Like the near term and long term prospects of this one. They are set up well for growth at this point.

[Jld3294]

Great earnings release. Everything is on target. If you consider the 2018 forecast of $2.05 DCF per share, this stock is trading at only 7.5X DCF. Even though it's not all being paid out to shareholders its funding organic growth which is more healthy then dividends.

I believe we see KMI at $20 by year end. Maybe a little higher.

[benfrankledger]

$KMI Price up nearly 1%. Looks like this could be a turning point in my opinion.

[biotech_researcher]

I would think that KMI’s volumes picked up nicely in Q1, so we should see good results after the market close tomorrow..

[benfrankledger]

$KMI I agreed, compounding your dividends in more shares is an excellent play here. Kinder Morgan has been depressed as of late, driven by fears regarding pipeline operators and amidst high debt.

For all these concerns, though, cash flow at the business is robust and growing, with management reinvesting significantly into the business and buying back stock.

Strong catalysts regarding natural gas, LNG, and oil production and exports have probably not been fully factored in.

[Prudent Capitalist]

There is also the chance that the dividend, which was slashed in 2015, will in time be brought back up to historically more normal levels for KMI. CFRA (S&P Global Markets) has a 12-month price target of $23 for KMI, which would be a huge improvement over recent levels. I am still automatically reinvesting my dividends in new shares at these paltry levels, looking longer term to the likely recovery in the share price.

[benfrankledger]

I have to agree the combination was a positive originally in my mind but I can’t say it’s worked out the way I thought.

Now of course if prices appreciated greatly since then we may say things differently. That of course is mostly due to the crash in oil prices and collateral damage of the midstream segment.

In theory they are an attract dividend at these prices as oil prices rebound into the next year (s).

[Prudent Capitalist]

Saw that. I was very disappointed in the complete lack of any substance in the annual report and annual meeting materials, with hardly any mention of the current state of the business and company other than a reprinted 10-K. Very disappointing. KMP was a good investment for me for quite a long time, and I held the units in a tax deferred retirement account so did not have to deal with the tax return headaches normally associated with MLP's.

But, ever since the consolidation of everything into KMI it has been a complete disaster here owning these shares. I cannot believe Richard Kinder could have let things deteriorate to this level and pathetic share price. Very sad.

[benfrankledger]

$KMI is being asked by shareholders to issue a report by this fall that sets targets for reducing methane emissions, according to the company's proxy filing ahead of the May shareholders meeting.

[biotech_researcher]

FERC Set to ban tax allowance cost recovery in MLP pipeline rates

$AMLP $SEP $ETP $PAGP $OXY $MMP $PAA $EPD $KMI $WPZ $TRP

[eFinanceMarkets]

$KMI Kinder Morgan (NYSE:KMI) +0.4% after Q4 earnings topped expectations, and it continues to expect to increase its dividend to $0.80/share for FY 2018 after approving a $0.125 dividend for the quarter.

KMI actually posted a Q4 loss of $1.4B, attributed to a one-time tax hit from the new federal tax overhaul; without the initial tax payment, the company earned a profit of nearly $400M.

KIM says its 2018 budget is planned to achieve distributable cash flow of ~$4.57B ($2.05/share) and adjusted EBITDA of ~$7.5B, with $2.2B invested in growth projects to be funded with internally generated cash flow without the need to access equity markets; it expects to end the year with a net debt to adjusted EBITDA ratio of 5.1x.

Also, Kinder Morgan Canada says start-up of the Trans Mountain oil pipeline expansion will be delayed by another three months to December 2020, a year past its original target date.

Now read: The Kinder (Morgan) Surprise: The 'Toy' Is An Arbitrage »

[biotech_researcher]

Lift off!

[biotech_researcher]

Finally, we get the move. Largest pipeline company in the US. Significant barriers to entry. Bought all in the $17’s. Nothing but negative karma after the dividend cut when it was in the 40’s, which is what caught my attention....

[benfrankledger]

KMI will build, operate and own a 50% interest in the GCX Project, with DCP and TRGP each holding 25% stakes; Apache (APA +2.4%), one of the project's committed shippers, has an option to purchase up to a 15% stake in the project from KMI.

[benfrankledger]

The Kinder (Morgan) Surprise: The 'Toy' Is An Arbitrage $KMI
http://www.seekingalpha.com/article/4127409

[benfrankledger]

A simple revaluing of the company's future by the market could result in some big gains.

So the stock has the potential to more than double in price over the next four years from the effect of all the projects and the ongoing industry recovery from the nadir a few years ago.

[benfrankledger]

Investors should also expect volumes to tick up a couple of percent to regain their previous levels before the commodity price crash.

[benfrankledger]

Management has now put in place enough projects to increase profits in at least the 10% to 15% annual range. Profits should at least double every five years.