KMI
Kinder Morgan Inc
Energy
11/29/2016
Presented
| Date | 11/22/2016 |
| Price | $21.89 |
| Market Cap | $48.81B |
| Ent Value | $91.88B |
| P/E Ratio | N/A |
| Book Value | $15.52 |
| Div Yield | 0.02% |
| Shares O/S | 2,230.00M |
| Ave Daily Vol | 15,650,657 |
| Short Int | 1.42% |
Current
| Price | $24.76 |
| Market Cap | $55.04B |
| Kinder Morgan, Inc. operates as a holding company. It owns and operates pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide and other products and stores petroleum products, chemicals and handle bulk materials like ethanol, coal, petroleum coke and steel. It operates through the following segments: Natural Gas Pipelines, CO2, Terminals, Product Pipelines. Kinder Morgan Canada and Other. The Natural Gas Pipelines segment engages in the sale, transport, processing, treating, storage and gathering of natural gas. The CO2 segment produces and sells crude oil from fields in the Permian Basin of West Texas and the transportation and marketing of carbon dioxide used as a flooding medium for recovering crude oil from mature oil fields. The Terminals segment owns and operates liquids and bulk terminal facilities throughout the U.S. and portions of Canada that transload and store refined petroleum products, crude oil, condensate, and bulk products, including coal, petroleum coke, cement alumina, salt, and other bulk chemicals. The Products Pipelines segment handles the transportation of refined petroleum products, including gasoline, diesel fuel, jet fuel and natural gas liquids. The Kinder Morgan Canada segment transports crude oil and refined products from Alberta, Canada to marketing terminals and refineries in British Columbia, the state of Washington and the Rocky Mountains and Central regions of the U.S. The Other segment manages other miscellaneous assets and liabilities including the corporate headquarters; several physical natural gas contracts with power plants; and other legacy assets and liabilities. The company was founded by Richard D. Kinder and William V. Morgan on August 23, 2006 and is headquartered in Houston, TX. |
Public companies mentioned herein: Kinder Morgan (KMI).
Highlights
A large, levered MLP, shares of Kinder Morgan were crushed when the company cut its dividend amid the sharp decline in oil prices, going from $35 to $12. Having weathered that storm, the stock has since recovered to roughly the $20 level, and going forward the presenter believes the company appears well positioned to benefit from both near and longer term catalysts – most notably the imminent pending approval of KMI’s important Trans-Mountain pipeline. Assuming Trans-Mountain is approved and the company’s dividend is restored as expected, the presenter believes the stock could trade to as high as $40-$50 per share over the next 12 months.
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