Andy Nasr Kinder Morgan Energy KMP-N COMMENT Jun 09, 2014

Are able to generate above average growth because they are involved with larger projects.

Building out the infrastructure, pipelines and all those things, is a wonderful place to invest. Not early on this one. We are starting to see quite a decay. Five-year chart shows the last year has been weak. The best case scenario is that we find some support in the mid to low $70’s and we go sideways from there for a number of years. He would have on his radar for something you want to build a position in.

On the pipeline side, generally speaking, valuations have gone up. If they can get the contracts they are usually “take or pay”, which reduces risks. Canadian pipelines would be a small part of their holdings. They have been backing down from their LP structure, which is seen as favourable. Dividends should grow in line with earnings with companies like this. More of a dividend story than capital appreciation.

Pays a 6.5% dividend and has a lot of cash flow.

They reported fine numbers yesterday and guidance was in-line. Ho-hum, but shares jumped 3%.

Are in the perfect spot to power ever-growing data centres. Electricity demand from these centres will rise from 1-2% to 6-8% by 2030.