I have seen comments about the possibility that KMI could be taken private at the worst possible time (very low price) and how damaging this could be for investors. I don't really understand this. Does anybody know how this could happen. However, the possibility that this could happen does worry me.
It already happened with KMI some years ago.
If the price really crashed for whatever reason, I wouldn't be surprised to see management try that trick a second time.
Same thing also happened with another MLP (Hiland Partners).
Agree with the other poster though that it's not a very likely scenario in the near term.
I don't think you have to worry about privatization of KMI. KMI was previously taken private and re-emerged as a public company in 2011. They just finished cashing out most of the private equity folks that took them private (Goldman, Carlyle and Riverstone). It would be very unusual for a company that just went public after a previous privatization to privatize again a year later.