IMO, the downward price pressure remains related to HedgeEye and associated investor anxiety, I personally own many dividend producing stocks which are interest rate sensitive. However, KMI KMP, KMR in terms of share value appreciation are clearly my worst performers, actually they have declined 12%. The KMI warrants are down about 30% although the latest conference call encouraged me with the decision to allocate another large sum, $350mm for warrant and share buyback. Meanwhile, ALL related Kinder distributions and micro splits still remain outstanding. My plan is to stay the course and wait for normality to return. BTW, the HedgeEye indictment of E&P LINN seems to have run its course. When will Kinder get back in gear, is anyone's guess? However, "we are paid to wait”. Disclosure I am bullish and hold KMI $37.50 Dec calls which are off considerably, but there is still time for recovery on that play
"Investors are trying to predict when the Fed will decide the U.S. economy and labor market are strong enough to withstand a reduction in the pace of quantitative easing (QE), in which $85 billion in assets are snapped up by the central bank each month to spur growth."
Pipeline MLPs borrow a lot of money......higher interest rates coming up... `