dgmcpa - You're right, it is a good read. In a manner of speaking, I invested in Kinder Morgan before either Kinder or Morgan did. I bought SF Pipeline, part of SF Railroad. After spinoffs, mergers, take overs and/or whatever I ended up with KMP. After looking over the situation I realized that KMI was going to be the even bigger winner. The trouble was Rich and his buddies came to the same conclusion and snatched it away from me (but of course at a lovely profit). Now that they have gone public again I am once more ridding their coattails. Go Rich !
I've been here along time and intend to be here longer. I have always thought KMP was one of the stocks when I die I would still own. After reading this article, most of which I already knew, I was motivated to sell another stock and up my position in KMP. Their distributions will be here a long time. One of the things that struck me was Kinder's ownership and his reinvesting. All I could think of was the amount of distributions he is getting every qtr. Think he is on the DRIP ?
I only buy MLPs with history of distribution growth. The distribution is what keeps the party going. The best MLPs are the one who can generate internal (organic) growth projects and KMP fits all of the above.