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Kinder Morgan Energy Partners Message Board

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  • lizahuang54321 lizahuang54321 Jan 31, 2013 6:13 PM Flag

    Thank you KMP for the COPANO acquisition

    "Last time I looked everyone needs energy."
    They do, but refiners do not always make a profit.
    Do yourself a favor and study the history of refiners.
    It's only a few years ago they were all disaster investments.
    It's a cyclical industry and they will bust again (for example if WTI oil price spikes).
    Right now they are in a boom, so buying here is buying at the top of the cycle (like buying internet stocks in 1998 - you got one more year of profits in 1999, but those who didn't cash out before 2000 got killed).