Kinder Morgan Inc.

KMI-N

NYSE:KMI

19.76
0.08 (0.41%)
Kinder Morgan, Inc. is the largest energy infrastructure company in North America. The company specializes in owning and controlling oil and gas pipelines and terminals.
More at Wikipedia

Analysis and Opinions about KMI-N

Signal
Opinion
Expert
BUY
BUY
November 19, 2019
It's built a base, which is good, because it's heading up into the mid-$20's.
Kinder Morgan Inc. (KMI-N)
November 19, 2019
It's built a base, which is good, because it's heading up into the mid-$20's.
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$20.010
Owned
Unknown
DON'T BUY
DON'T BUY
June 20, 2019
It has been basing for almost four years now. It has to breakdown. He wouldn't touch this one until it breakdowns.
It has been basing for almost four years now. It has to breakdown. He wouldn't touch this one until it breakdowns.
Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$21.100
Owned
No
HOLD
HOLD
February 6, 2019
He likes the midstream and pipeline space and the yield. There are discussions around selling the CO2 part of the business that could create noise going forward. He would like to avoid any potential drama. Yield 4.3%
Kinder Morgan Inc. (KMI-N)
February 6, 2019
He likes the midstream and pipeline space and the yield. There are discussions around selling the CO2 part of the business that could create noise going forward. He would like to avoid any potential drama. Yield 4.3%
Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$18.060
Owned
No
DON'T BUY
DON'T BUY
February 8, 2018

He sold all of his direct energy exposure Jan 31. He thinks there is a $55 to $60 for WTI going forward. He has a negative view of this sector going forward. Pipelines and mid-streamers is the place to be and there is a good story behind the return of capital, but it is simply a tough story. He would stay away from it.

Kinder Morgan Inc. (KMI-N)
February 8, 2018

He sold all of his direct energy exposure Jan 31. He thinks there is a $55 to $60 for WTI going forward. He has a negative view of this sector going forward. Pipelines and mid-streamers is the place to be and there is a good story behind the return of capital, but it is simply a tough story. He would stay away from it.

Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$16.800
Owned
No
DON'T BUY
DON'T BUY
January 11, 2018

He went more positive back in the fall on energy. He is comfortable being out of Canada in energy. This is a good time to build a position in energy but this is not where you get the bang. Your opportunity cost will be significant. He likes XLE-N, the ETF. Or XOP-N is more E & P.

Kinder Morgan Inc. (KMI-N)
January 11, 2018

He went more positive back in the fall on energy. He is comfortable being out of Canada in energy. This is a good time to build a position in energy but this is not where you get the bang. Your opportunity cost will be significant. He likes XLE-N, the ETF. Or XOP-N is more E & P.

Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$19.200
Owned
No
PARTIAL BUY
PARTIAL BUY
January 2, 2018

Pipelines. If he didn't know the name of the stock, he would say it has built quite a nice base without any real euphoric volume. Doesn't know what will move this if it hasn't moved yet, but it looks like the risk would be to the upside, not the downside. If he owned it, he would continue holding, but if not, he would be a buyer. Dividend yield of 2.8%.

Pipelines. If he didn't know the name of the stock, he would say it has built quite a nice base without any real euphoric volume. Doesn't know what will move this if it hasn't moved yet, but it looks like the risk would be to the upside, not the downside. If he owned it, he would continue holding, but if not, he would be a buyer. Dividend yield of 2.8%.

Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$18.800
Owned
Unknown
COMMENT
COMMENT
September 6, 2017

A pipeline giant. Got highly depressed and there were concerns around the balance sheet, and he thought management had really changed their tune as to where they were going to allocate capital. Instead of getting bigger at all costs, they started getting better. It resulted in a much better free cash flow yield, so he got into this one. Dividend yield of 2.6%.

Kinder Morgan Inc. (KMI-N)
September 6, 2017

A pipeline giant. Got highly depressed and there were concerns around the balance sheet, and he thought management had really changed their tune as to where they were going to allocate capital. Instead of getting bigger at all costs, they started getting better. It resulted in a much better free cash flow yield, so he got into this one. Dividend yield of 2.6%.

Stephen Groff
Principal & Portfolio Manager, Cambridge Global Asset Management
Price
$19.330
Owned
Yes
HOLD
HOLD
June 5, 2017

Pays a nice dividend. Oil can’t break out and until that happens we will not see oil related stocks break out. This will be in no man’s land. It is okay to hold it for the dividend.

Pays a nice dividend. Oil can’t break out and until that happens we will not see oil related stocks break out. This will be in no man’s land. It is okay to hold it for the dividend.

Matthew McCall
President, Penn Financial Group
Price
$18.960
Owned
Unknown
COMMENT
COMMENT
June 5, 2017

Kinder Morgan (KMI-N) or Kinder Morgan Canada (KML-T)? In the short term, he would choose neither. If certain things happen, he would look at the Kinder Morgan Canada position. The Canadian subsidiary, without the pipeline expansion, is worth $15. That is just on the assets and the quality of the assets. Since you can get the shares close to $15, you are getting all the optionality. He is waiting for an opportunity to get this under $16. In the US, it is an MLP, and he is not positive on the MLP market. *Correction by BNN on June 6/17 that they are no longer an MLP, they are a common stock company. (Bill) There is just so much debt associated in that area.

Kinder Morgan (KMI-N) or Kinder Morgan Canada (KML-T)? In the short term, he would choose neither. If certain things happen, he would look at the Kinder Morgan Canada position. The Canadian subsidiary, without the pipeline expansion, is worth $15. That is just on the assets and the quality of the assets. Since you can get the shares close to $15, you are getting all the optionality. He is waiting for an opportunity to get this under $16. In the US, it is an MLP, and he is not positive on the MLP market. *Correction by BNN on June 6/17 that they are no longer an MLP, they are a common stock company. (Bill) There is just so much debt associated in that area.

Jim McGovern
CEO, Arrow Capital Management
Price
$18.960
Owned
Unknown
COMMENT
COMMENT
May 19, 2017

He likes this at current levels. Had a disastrous 2015 and an early 2016. They’ve been able to repair the balance sheet and work through their debt issues. Despite the price of oil, you still have to get the commodity from point A to point B. If Trump is able to pass the stimulus package infrastructure spending, it would be geared towards the pipe. We’ve seen his pro-energy reforms. This gives you a little over a 2% dividend yield.

He likes this at current levels. Had a disastrous 2015 and an early 2016. They’ve been able to repair the balance sheet and work through their debt issues. Despite the price of oil, you still have to get the commodity from point A to point B. If Trump is able to pass the stimulus package infrastructure spending, it would be geared towards the pipe. We’ve seen his pro-energy reforms. This gives you a little over a 2% dividend yield.

John Petrides
Managing Dir. & Portfolio Manager, Point View Wealth Management
Price
$19.520
Owned
Unknown
HOLD
HOLD
February 9, 2017

He would rate this a Hold, but it could go to a Buy. Generally, infrastructure pipeline plays are attractive businesses. They are less impacted by the commodity cycle. Trump is talking about putting in a tax policy that will allow for depreciation of assets in the 1st year. This would be an incredible offer. A lot of these firms will take that up and will expand quickly. Profitability and cash flow, etc. will really accelerate. He also has a really friendly market for energy with the new energy secretary who is going to try and reverse the whole EPA environmental issues.

Kinder Morgan Inc. (KMI-N)
February 9, 2017

He would rate this a Hold, but it could go to a Buy. Generally, infrastructure pipeline plays are attractive businesses. They are less impacted by the commodity cycle. Trump is talking about putting in a tax policy that will allow for depreciation of assets in the 1st year. This would be an incredible offer. A lot of these firms will take that up and will expand quickly. Profitability and cash flow, etc. will really accelerate. He also has a really friendly market for energy with the new energy secretary who is going to try and reverse the whole EPA environmental issues.

Jim McGovern
CEO, Arrow Capital Management
Price
$22.380
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
December 7, 2016

(A Top Pick June 16/16. Up 20.99%.) He liked the pipelines in February.

Kinder Morgan Inc. (KMI-N)
December 7, 2016

(A Top Pick June 16/16. Up 20.99%.) He liked the pipelines in February.

James Thorne
Sr Portfolio Manager & Chief Capital Markets Strat, Caldwell Investment Management
Price
$21.290
Owned
Yes
COMMENT
COMMENT
November 29, 2016

He really likes this. You are starting to see a bottom form in energy, in terms of fundamentals. Land rigs are down to a 5-year low. Deepwater rigs are at a 5-year low. If they can get some help with OPEC cutting production, that would help a lot. We’re still oversupplied on energy, but the growth rate supply has come down significantly. This company is essentially the superhighway of oil and gas in the US. They have really improved their balance sheet. The dividend has been cut and you are now getting a 3.4% yield. Now that Berkshire Hathaway is a shareholder, investors can give a little sigh of relief.

Kinder Morgan Inc. (KMI-N)
November 29, 2016

He really likes this. You are starting to see a bottom form in energy, in terms of fundamentals. Land rigs are down to a 5-year low. Deepwater rigs are at a 5-year low. If they can get some help with OPEC cutting production, that would help a lot. We’re still oversupplied on energy, but the growth rate supply has come down significantly. This company is essentially the superhighway of oil and gas in the US. They have really improved their balance sheet. The dividend has been cut and you are now getting a 3.4% yield. Now that Berkshire Hathaway is a shareholder, investors can give a little sigh of relief.

John Petrides
Managing Dir. & Portfolio Manager, Point View Wealth Management
Price
$21.400
Owned
Unknown
TOP PICK
TOP PICK
October 24, 2016

They collapsed a number of MLPs into a normal corporation and then had a number of challenges. Now you are starting to see Cap-X and oil picking up. It is a great operating company. It is a one of a kind. You have another 20-30% upside.

Kinder Morgan Inc. (KMI-N)
October 24, 2016

They collapsed a number of MLPs into a normal corporation and then had a number of challenges. Now you are starting to see Cap-X and oil picking up. It is a great operating company. It is a one of a kind. You have another 20-30% upside.

Michael Underhill
Portfolio Manager, Exempler Funds, Capital Innovations
Price
$21.620
Owned
Yes
COMMENT
COMMENT
September 20, 2016

He likes the longer-term growth prospects. Feels that you can really bank on mid-single digit cash flow growth and dividend growth. It has energy infrastructure assets throughout the US and is a relatively large player. It came under pressure when commodity prices sold off so there are some sentimental related risks, unless there is a rebound in oil prices. Relatively strong balance sheet and the dividend growth is sustainable. He might increase his exposure if there is a pullback.

Kinder Morgan Inc. (KMI-N)
September 20, 2016

He likes the longer-term growth prospects. Feels that you can really bank on mid-single digit cash flow growth and dividend growth. It has energy infrastructure assets throughout the US and is a relatively large player. It came under pressure when commodity prices sold off so there are some sentimental related risks, unless there is a rebound in oil prices. Relatively strong balance sheet and the dividend growth is sustainable. He might increase his exposure if there is a pullback.

Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$21.880
Owned
Yes
DON'T BUY
DON'T BUY
August 22, 2016

Largest pipeline operator in the US. He likes it in general. He is worried that they are only interested in growing the size of the company. He prefers others.

Largest pipeline operator in the US. He likes it in general. He is worried that they are only interested in growing the size of the company. He prefers others.

John Burke
CEO & CIO, Burke Financial Strategies
Price
$21.920
Owned
No
COMMENT
COMMENT
August 15, 2016

It is one of the sectors that rallied on the safety trade. It has already had its run. KMI-N would be a turnaround story rather than a pipeline play.

It is one of the sectors that rallied on the safety trade. It has already had its run. KMI-N would be a turnaround story rather than a pipeline play.

Teal Linde
Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report
Price
$21.300
Owned
Unknown
COMMENT
COMMENT
August 2, 2016

The company is really at an interesting time. They had a lot of spinoffs to finance their pipelines. It was really just a cost of capital arbitrage. They brought all those in, slashed the distribution to what they believe is a sustainable level, cut their backlog and stated that they were not going to borrow to fund projects. That worked when we could get money really cheap, but can’t seem to get as much money now or as cheap. They are actually migrating back to a growth stock.

The company is really at an interesting time. They had a lot of spinoffs to finance their pipelines. It was really just a cost of capital arbitrage. They brought all those in, slashed the distribution to what they believe is a sustainable level, cut their backlog and stated that they were not going to borrow to fund projects. That worked when we could get money really cheap, but can’t seem to get as much money now or as cheap. They are actually migrating back to a growth stock.

Greg Dean
Principal & Portfolio Manager, Cambridge Global Asset Management
Price
$19.790
Owned
Yes
COMMENT
COMMENT
July 26, 2016

The 5-year chart shows an overhead supply from 2012 to 2015. It is just recovering back to the neck line of around $28, and when it reaches that, there are a ton of people that would like to Sell.

The 5-year chart shows an overhead supply from 2012 to 2015. It is just recovering back to the neck line of around $28, and when it reaches that, there are a ton of people that would like to Sell.

William Chin
Portfolio manager, Caldwell Investment Management
Price
$20.730
Owned
Unknown
DON'T BUY
DON'T BUY
July 25, 2016

He would play a gas producer for a gas bounce back (ARX-T). KMI-N is a pipeline company mostly and they had financial issues, which scares him. It is a turnaround story.

He would play a gas producer for a gas bounce back (ARX-T). KMI-N is a pipeline company mostly and they had financial issues, which scares him. It is a turnaround story.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$20.860
Owned
Unknown
COMMENT
COMMENT
July 18, 2016

Pretty much anything you bought shortly after BREXIT has done really well, including this one. This is now showing some stability and share price appreciation. Although it is well off of its highs, he is not comfortable with its valuations. If you have made some good, short-term money, he would be a seller. On the other hand, if you have lost money, he wouldn’t be in a rush to Sell, because it is still quite a way off from where it was at its highs. Doesn’t like this one long-term.

Pretty much anything you bought shortly after BREXIT has done really well, including this one. This is now showing some stability and share price appreciation. Although it is well off of its highs, he is not comfortable with its valuations. If you have made some good, short-term money, he would be a seller. On the other hand, if you have lost money, he wouldn’t be in a rush to Sell, because it is still quite a way off from where it was at its highs. Doesn’t like this one long-term.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$21.760
Owned
Unknown
SELL
SELL
July 14, 2016

(Market Call Minute.)

(Market Call Minute.)

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$20.900
Owned
Unknown
COMMENT
COMMENT
June 17, 2016

A pipeline/utility type stock. A long-term investment, not a trading stock. You buy this for income, and hopefully some capital gain. He doesn’t understand why you would buy a US company like this, when you can buy a Canadian company like Enbridge (ENB-T) or TransCanada Pipe (TRP-T) and get a better tax treatment on dividends.

A pipeline/utility type stock. A long-term investment, not a trading stock. You buy this for income, and hopefully some capital gain. He doesn’t understand why you would buy a US company like this, when you can buy a Canadian company like Enbridge (ENB-T) or TransCanada Pipe (TRP-T) and get a better tax treatment on dividends.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$18.040
Owned
Unknown
TOP PICK
TOP PICK
June 16, 2016

The largest distributor of natural gas in North America. It got hammered because everybody thought it was going to be cut to junk. They cut the dividend, but their higher yields are trading at or higher than they were back in the middle of last year. So there is no stress on their high yields. If they go back to the market and finance their expansion with debt, maybe that dividend comes back. Feels natural gas is going to have a nice rally. Dividend yield of 2.88%.

The largest distributor of natural gas in North America. It got hammered because everybody thought it was going to be cut to junk. They cut the dividend, but their higher yields are trading at or higher than they were back in the middle of last year. So there is no stress on their high yields. If they go back to the market and finance their expansion with debt, maybe that dividend comes back. Feels natural gas is going to have a nice rally. Dividend yield of 2.88%.

James Thorne
Sr Portfolio Manager & Chief Capital Markets Strat, Caldwell Investment Management
Price
$17.600
Owned
Yes
DON'T BUY
DON'T BUY
May 11, 2016

There are 2 cautionary notes on this. 1.) They have offered a partnership. Canadian investors who buy US partnerships are subject to a 35% tax on the dividend. However, they now offer a share class that is not a partnership. 2.) Richard Kinder is the CEO. He was the president of Enron. Has grand ambitions, and is more interested in making the company big rather than making shareholders rich.

There are 2 cautionary notes on this. 1.) They have offered a partnership. Canadian investors who buy US partnerships are subject to a 35% tax on the dividend. However, they now offer a share class that is not a partnership. 2.) Richard Kinder is the CEO. He was the president of Enron. Has grand ambitions, and is more interested in making the company big rather than making shareholders rich.

John Burke
CEO & CIO, Burke Financial Strategies
Price
$17.060
Owned
Unknown
DON'T BUY
DON'T BUY
May 2, 2016

Prefers EMB-T, better balance sheet, management and quality of assets. Keep in mind these are all big dividend payers. They have debt and so if interest rates go up, it will hurt them.

Prefers EMB-T, better balance sheet, management and quality of assets. Keep in mind these are all big dividend payers. They have debt and so if interest rates go up, it will hurt them.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$17.590
Owned
Unknown
DON'T BUY
DON'T BUY
April 14, 2016

Model price is $15.73. He said in 2015 the stock was wildly overvalued and it crashed. He thinks it is still 15% over valued since they slashed the dividend. He thinks it has to re-test EBV -2 and we may see that in the fall sometime. He would not be tempted.

Model price is $15.73. He said in 2015 the stock was wildly overvalued and it crashed. He thinks it is still 15% over valued since they slashed the dividend. He thinks it has to re-test EBV -2 and we may see that in the fall sometime. He would not be tempted.

Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$18.500
Owned
Unknown
HOLD
HOLD
February 18, 2016

As the price of oil declined, the likelihood of volume growth waned. He thinks there is a short term tactical bounce, however. If you had to own something in energy, he would go for an integrated or an infrastructure company. You could hold this one, however. You should not buy it with the old expectations of dividend growth. You will probably do okay.

Kinder Morgan Inc. (KMI-N)
February 18, 2016

As the price of oil declined, the likelihood of volume growth waned. He thinks there is a short term tactical bounce, however. If you had to own something in energy, he would go for an integrated or an infrastructure company. You could hold this one, however. You should not buy it with the old expectations of dividend growth. You will probably do okay.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$17.890
Owned
Unknown
DON'T BUY
DON'T BUY
December 30, 2015

Had been highly leveraged, and sometimes leverage does not work your way. Hurts your earnings and dividends. You buy a pipeline utility stock for the stability of earnings and the stability of dividends. He would stick with buying Canadian pipelines and utility companies.

Kinder Morgan Inc. (KMI-N)
December 30, 2015

Had been highly leveraged, and sometimes leverage does not work your way. Hurts your earnings and dividends. You buy a pipeline utility stock for the stability of earnings and the stability of dividends. He would stick with buying Canadian pipelines and utility companies.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$14.540
Owned
Unknown
DON'T BUY
DON'T BUY
December 7, 2015

It is in a distinct downward trend and has not shown signs of bottoming. It is below its 20 day moving average. Seasonally it is normally strong late January to April.

Kinder Morgan Inc. (KMI-N)
December 7, 2015

It is in a distinct downward trend and has not shown signs of bottoming. It is below its 20 day moving average. Seasonally it is normally strong late January to April.

Don Vialoux
Research Analyst, TimingTheMarket.CA & EquityClock.COM
Price
$16.420
Owned
Unknown
SELL
SELL
November 17, 2015

Would much rather see you holding something that was going sky high and crystallizing a gain, but in this case it is the right time to crystallize the loss to offset some gains you would have in your portfolio. He doesn’t feel good about the oil/gas space right now.

Kinder Morgan Inc. (KMI-N)
November 17, 2015

Would much rather see you holding something that was going sky high and crystallizing a gain, but in this case it is the right time to crystallize the loss to offset some gains you would have in your portfolio. He doesn’t feel good about the oil/gas space right now.

Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$23.360
Owned
Unknown
HOLD
HOLD
October 26, 2015

Coming into tax loss selling season, you may wish to sell to offset any realized gains. Excluding this fact, this company is one of the best pipeline companies in North America. The dividend is safe.

Kinder Morgan Inc. (KMI-N)
October 26, 2015

Coming into tax loss selling season, you may wish to sell to offset any realized gains. Excluding this fact, this company is one of the best pipeline companies in North America. The dividend is safe.

Peter Brieger
Chairman & Chief Executive Officer, GlobeInvestment Capital Management
Price
$27.560
Owned
Unknown
DON'T BUY
DON'T BUY
September 28, 2015

It is not going to go bankrupt but the stock is broken right now. It’s a pipeline stock, not a commodity but it is trading off commodities. Give it a couple of years. You could add or hold if you have the two years.

Kinder Morgan Inc. (KMI-N)
September 28, 2015

It is not going to go bankrupt but the stock is broken right now. It’s a pipeline stock, not a commodity but it is trading off commodities. Give it a couple of years. You could add or hold if you have the two years.

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$27.550
Owned
Unknown
COMMENT
COMMENT
March 31, 2015

Had 3 MLPs along with the General Partner Kinder Morgan Inc. The MLPs had grown fairly rapidly. When they grow and start to pay distributions out they have to pay 2% of the cash flow to the general partner, and the remainder gets split with LP units of the MLP. That becomes cost prohibitive as the MLP grows. Because of this, Kinder Morgan collapsed them. This freed up the capital for them to grow to do deals. Income is stable and is going to grow at 10% for the next 5 years. Have done a phenomenal job of navigating through the commodity cycle.

Had 3 MLPs along with the General Partner Kinder Morgan Inc. The MLPs had grown fairly rapidly. When they grow and start to pay distributions out they have to pay 2% of the cash flow to the general partner, and the remainder gets split with LP units of the MLP. That becomes cost prohibitive as the MLP grows. Because of this, Kinder Morgan collapsed them. This freed up the capital for them to grow to do deals. Income is stable and is going to grow at 10% for the next 5 years. Have done a phenomenal job of navigating through the commodity cycle.

Gajan Kulasingam
VP & Senior Portfolio Manager, Sentry Investments
Price
$42.060
Owned
Yes
COMMENT
COMMENT
February 11, 2015

Good management. Has a heck of a yield of over 4%.

Kinder Morgan Inc. (KMI-N)
February 11, 2015

Good management. Has a heck of a yield of over 4%.

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$41.210
Owned
Yes
DON'T BUY
DON'T BUY
December 4, 2014

No relation to Imperial and SU-T. It is largely a pipeline company.

Kinder Morgan Inc. (KMI-N)
December 4, 2014

No relation to Imperial and SU-T. It is largely a pipeline company.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$41.460
Owned
Unknown
BUY
BUY
July 15, 2014

A large energy infrastructure company in the US. Manager doesn’t take any salary. All of his income is from distributions. The knock on this is “Is it too big, and can it grow.” Competent management. Feels the business is well worth more than it is today.

A large energy infrastructure company in the US. Manager doesn’t take any salary. All of his income is from distributions. The knock on this is “Is it too big, and can it grow.” Competent management. Feels the business is well worth more than it is today.

Gajan Kulasingam
VP & Senior Portfolio Manager, Sentry Investments
Price
$36.170
Owned
Yes
BUY
BUY
May 9, 2014

Good, well managed company. One of the best things about pipelines that exist is that you don’t have to build them so you don’t need environmental approvals. Feels this is pretty good value right now. It is unpopular, which for him is the time to Buy. With dividend tax credits, he would prefer to own Canadian pipelines.

Good, well managed company. One of the best things about pipelines that exist is that you don’t have to build them so you don’t need environmental approvals. Feels this is pretty good value right now. It is unpopular, which for him is the time to Buy. With dividend tax credits, he would prefer to own Canadian pipelines.

David Baskin
President, Baskin Wealth Management
Price
$32.150
Owned
Unknown
COMMENT
COMMENT
April 4, 2014

Recently sold her holdings when volatility got too high. Has come under a bit of pressure as a result of comments made out of the US that claimed they were underreporting the amount of maintenance capital they need to spend.

Recently sold her holdings when volatility got too high. Has come under a bit of pressure as a result of comments made out of the US that claimed they were underreporting the amount of maintenance capital they need to spend.

Genevieve Roch-Decter
Portfolio Manager, LDIC Inc.
Price
$33.020
Owned
No
COMMENT
COMMENT
April 2, 2014

One of the big reasons investors have been focused on energy infrastructure is because of this boom in production that has been going on in North America. You have to move all the stuff around so many of the infrastructure companies have had a great opportunity to invest in new infrastructure and get great returns on capital. This company is seeing a slowing in their revenues and has not as quite an attractive profile as some of the other companies. He would prefer something like Williams Companies (WMB-N) which is also a pipelines, midstream and energy infrastructure and have raised a lot of equity in 2011-2012 to build up new projects which come into production and fruition in 2013, 2014 and 2015. They will also have close to 20% dividend growth per year for the next 5 years and will get 25%-26% earnings growth.

One of the big reasons investors have been focused on energy infrastructure is because of this boom in production that has been going on in North America. You have to move all the stuff around so many of the infrastructure companies have had a great opportunity to invest in new infrastructure and get great returns on capital. This company is seeing a slowing in their revenues and has not as quite an attractive profile as some of the other companies. He would prefer something like Williams Companies (WMB-N) which is also a pipelines, midstream and energy infrastructure and have raised a lot of equity in 2011-2012 to build up new projects which come into production and fruition in 2013, 2014 and 2015. They will also have close to 20% dividend growth per year for the next 5 years and will get 25%-26% earnings growth.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$32.810
Owned
Unknown
DON'T BUY
DON'T BUY
March 21, 2014

A pipeline company in the US and has been vastly underperforming its Canadian counterparts. Doesn’t know why you would want to own a US pipeline when you probably have better run in your own currency and greater growth prospects in Canada.

A pipeline company in the US and has been vastly underperforming its Canadian counterparts. Doesn’t know why you would want to own a US pipeline when you probably have better run in your own currency and greater growth prospects in Canada.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$31.150
Owned
Unknown
PARTIAL BUY
PARTIAL BUY
March 18, 2014

Look for some support at around $32 and then ease into it. You could take a 3rd of a position at the current price and then, if it advances, Buy another 3rd. If it breaks support, do not add to your position.

Look for some support at around $32 and then ease into it. You could take a 3rd of a position at the current price and then, if it advances, Buy another 3rd. If it breaks support, do not add to your position.

Bill Carrigan
Technical Analyst, Getting Technical Info Service
Price
$31.560
Owned
Unknown
COMMENT
COMMENT
February 19, 2014

Very, very large infrastructure name that operates in the majority of the US. Prefers Canadian names, especially as the dividend tax credit is more favourable.

Kinder Morgan Inc. (KMI-N)
February 19, 2014

Very, very large infrastructure name that operates in the majority of the US. Prefers Canadian names, especially as the dividend tax credit is more favourable.

Mohsin Bashir
VP Investments, Stone Asset Management
Price
$33.150
Owned
No
COMMENT
COMMENT
February 7, 2014

Loves the pipelines. Not sure this is the one he would be buying. Feels we have better ones in Canada. Likes infrastructure pipelines and he doesn’t think this company is much of that. You would be better off in something like an Inter Pipeline (IPL-T) for a number of issues. Going to be cheaper on a PE and has a 4.7% yield.

Kinder Morgan Inc. (KMI-N)
February 7, 2014

Loves the pipelines. Not sure this is the one he would be buying. Feels we have better ones in Canada. Likes infrastructure pipelines and he doesn’t think this company is much of that. You would be better off in something like an Inter Pipeline (IPL-T) for a number of issues. Going to be cheaper on a PE and has a 4.7% yield.

Michael Bowman
Portfolio Manager, Wickham Investment Management
Price
$33.990
Owned
Unknown
COMMENT
COMMENT
November 28, 2013

Pipeline stock to take advantage of all the fracing in the US? Structure is a little different in the US. You have pipelines as well as MLP (Master Limited Partnership) structures. Often US pipelines will drop-down a lot of their assets into an MLP structure to be able to pay a higher dividend because of their tax nature. As a Canadian shareholder, there is some blocking that goes on, so you can’t participate in those without tax consequences. To get around that, she has a position in this company. A negative report caused the stock to drop significantly, which gave her an opportunity to invest. Have a pipeline in BC and are going to twin to increase capacity from 300,000 to about 900,000. 4.5% dividend yield.

Kinder Morgan Inc. (KMI-N)
November 28, 2013

Pipeline stock to take advantage of all the fracing in the US? Structure is a little different in the US. You have pipelines as well as MLP (Master Limited Partnership) structures. Often US pipelines will drop-down a lot of their assets into an MLP structure to be able to pay a higher dividend because of their tax nature. As a Canadian shareholder, there is some blocking that goes on, so you can’t participate in those without tax consequences. To get around that, she has a position in this company. A negative report caused the stock to drop significantly, which gave her an opportunity to invest. Have a pipeline in BC and are going to twin to increase capacity from 300,000 to about 900,000. 4.5% dividend yield.

Genevieve Roch-Decter
Portfolio Manager, LDIC Inc.
Price
$35.840
Owned
Yes
DON'T BUY
DON'T BUY
July 15, 2013

Pipelines, etc. will come under pressure as interest rates go up. $19.35 model price, -51% differential. Not on his buy list. Not a safe utility. So many other companies you could rest comfortably with.

Pipelines, etc. will come under pressure as interest rates go up. $19.35 model price, -51% differential. Not on his buy list. Not a safe utility. So many other companies you could rest comfortably with.