KMP is biggest screw job in the history of the earth. If you want to invest in an E&P company, go out and buy one for 5x EBITDA. With KMP, you get screwed out of 50% of the cash flow so you are paying double for what the assets are worth, if not more. Why pay a premium for a lack of of control?
Guess what? I have read the partnership agreement in great detail. It is absolutely impossible to fire KMI.
Die in peace.
Billy is right. Prepare to get diluted to hell.
Disclosure: I have a CFA and a MBA in Finance. I am not long or short KMP. I am simply try to help you from getting screwed. Just ask yourself: why is all of Rich's money in KMI?