Sun, Nov 23, 2014, 8:21 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Kinder Morgan Energy Partners, L.P. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • enronbuddy enronbuddy Aug 9, 2012 8:21 PM Flag

    Dropdown Math Fail

    Small correction...the PE is actually 248, not 246...itchy math finger.
    Just had a chance to do some more Kinder (garten??)-calculus. Using numbers from above….this turd of a dropdown takes 25 years to reach payout (6.22B/246M annual cash to LP)…. In all my years in this industry…I don’t think I have ever seen anyone intentionally pursue a project with a projected payout more than a hair over 11…(long story). Yet here we are….discussing a 6.2B transaction that takes 25 years…just to reach payout.. On the other hand…it’s probably better than REX…which will probably never payout… Here’s a hint….if you think these already aging pipelines are still going to be around in 25 years…without a significant capital infusion (perhaps a few more billion of debt and equity issuances)… then you might just be dumb enough to own this stock. Rich should just start selling KMP $100 bills for $200 bucks a pop and quit this crap about pretending to be a pipeline business...

 
KMP
97.34-0.56(-0.57%)Nov 21 4:03 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.