All pipeline companies have a lot of debt - just as all REITS have a lot of debt - this is their business model. You keep posting your #$%$ about debt - go get an education so that maybe you could sound like you know something. Why waste your time - no one listens to your never ending falsehoods. (same ones over and over)
Before you call anyone a moron you need to look at BWP, their decision to cut payout to reduce debt has cut stock price by 60%. Debt has to be manageable, outsized debt could be a result of having low revenues in non performing areas. Wall Street sets the stock price, they may miss the mark in the short run, I am worried about KMP, if it is as cheap as most of us believe then why are the BIG BOYS not profiting.