Someone please explain to me why this company still supports such a high p/e?
Look back at the "analyst101" message. I checked in to this and it is true!
Kinder and Morgan (the general partner owners) of this company are the only money makers here. Common stock (unit) holders are second class citizens to these guys and the market has not realized that yet. This company merits no more than a 18-20 p/e.