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Kirby Corporation Message Board

  • deveinsinclaire deveinsinclaire Dec 11, 2012 12:34 PM Flag

    KEX overvalued and has a score of 6...


    fair value is 52.07 at Extreme Value Stocks

    This topic is deleted.
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    • Looks like KEX is going higher. I don't know what you are talking about with the overvalued comment.

      • 1 Reply to msgposter38
      • I live on the Gulf Coast, and the petrochemical industry here is flooded with light feedstocks from the Eagle Ford shale. The biggest bottleneck is transport, which will have to expand at 6%/yr for the next 7 years to keep up. I can see barges lined up on the Intercostal Canal here with petroleum products. Imports to Texas plants of propane, butane, and pentanes plus has gone from 45,000 bbl/d on 2008 to 2000 bbl/d in 2011. It's all about infrastructure now, including barge transport. The producers are sacrificing big margins to the carriers. Here's a quote from the March 2013 American Oil and Gas Reporter "Several integrated refineries process crude and condensate farther up the Texas Gulf Coast, with 2.4 million bbl/d of capacity in the Texas City/Houston area and another 1.1 million bbl/d of capacity in the Beaumont/ Port Arthur area. Farther to the east but accessible by water are refining centers located at Lake Charles, La., and along the Lower Mississippi River in Louisiana.... Significant pipeline, processing and fractionation infrastructure will be required to meet the needs of Eagle Ford producers in the future. Existing gas transportation infrastructure in South Texas is being utilized and additions are being made to ensure adequate gas gathering and transportation capacity will be available to
        support gas processing operations. In some cases, dry gas transportation systems have been converted to wet gas service and are being repurposed to meet gas gathering needs." I can't believe there are so many shorts on this stock. It's really hard to avoid making big profits when a company becomes the link between endpoints with very different pricing on such products.

80.86+0.54(+0.67%)Dec 19 4:05 PMEST

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