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Kinder Morgan Energy Partners Message Board

  • waccamawbill waccamawbill Jun 28, 2014 8:25 AM Flag

    KMP Galena Park facility will be operational in Nov.2014

    Someone opined the splitter facility built by KMP for $360MM would be a drag on earnings. Given the Commerce Dept. ruling that minimally distilled crude can be exported without a license, the opposite is the likely outcome. The Galena facility will have 2MM bbls of storage and it sits on the Houston Ship Canal. Logic says it will be a huge cash machine with exports flowing nonstop to Europe. Mr Putin has given the US oil industry a very serious reason to be happy. WTI transported to Europe will fetch a huge profit for KMP. Remember those tankers now owned and more being built? KMP is sitting in a great position. By 2016, this stock could be knocking on the $100 per share door. 2015 earnings should be outstanding and DCF should rocket up. Buy now while you can.

    Sentiment: Strong Buy

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    • ONE,WTI can't be exported.TWO,their Jones act tankers can't leave the U.S. THREE Splitter output is dedicated to BP under long term fixed fee Contract.(which is a good thing)......Agree with your conclusion,but not for any of the Catalysts you mentioned.

 
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