When a company is a MLP they distribute basically all their free cash as distributions. How then are they supposed to acquire new assets without issuing more units and debt? There are lots of companies in the MLP arena better than Kinder as it is having some difficulty in dealing with the EP buyout. They also have a cap ex program in the $Billions. With some people thinking that people are going to stop using energy resources in a bad economy, MLP prices mostly flat thsi last year. Suggest you take a longer term look at MLPs for say 10 years and compare it to the S&P. VERY VERY different picture.