It looks like this is just one more step in his graceful exit from the company. I am sure we will see other sales from those displaced by the consolidation in the coming year.
I don't think this is a statement on the future of KMI.
Well then Doggie: You clogged up the board over a $1 billion bond offering in Europe. As no one will know the outcome of this for some years and it is a tiny piece of their financing ... it is irrelevant.
Now you froth at the mouth over CO2: Indeed they are the biggest in that segment and that segment is dependent on higher prices. Nevertheless, it is still only about 1/6 of the business ... about the same size as the terminal and product pipeline businesses but they are doing well and you ignore that. Then KMI transports more than half of the natgas in the country and natgas is on an upward trajectory. No mention of that.
So you focus your attention on the one bug floating in an olympic sized swimming pool and expect everyone to be fooled. You are the fool. You act like someone with serious OCD that gets all worked up over the .001 percent of what isn't going well instead of what is.
It is a waste of time. Bad can be found in anything.
Whatever Doggie. The more this goes on the more convinced I am that you have no position at all. You're sitting in mom's basement communicating with the only people you can communicate with.
You want people to take you seriously but continue to puke all over the board with your irrelevancies.
You're in danger of everyone putting you on ignore.
I don't think KMI is directly impacted nor do I think oil will go lower, but it may. I was suggesting that if the broader market takes a dump, KMI would offer a better entry point.
Don't let Doggie put words into my mouth.
KMI goes ex-dividend next week and the price will likely give a little back.
If you're a long term holder like most of us are on this board, I would wait. The summer will likely give us a chance to add at a better price.
The dollar strength will likely depress earnings in the next quarter or two and my bet is that the market will take a fart.
KMI and two other long term full positions are the only areas that I didn't lighten up on. Sit on your cash IMO.
I dunno, Doggie. Perhaps there are 4 fingers pointing towards you when you when you call people idiots. We know that you're talking your book but the market and lots of well informed people just happen to disagree.
For all of us it is ourselves, our own personalities that stand between us and what we want.
Yes, KMI is looking strong. This is tempered to some extent by the upcoming ex-div date. As soon as it becomes clear that the Fed can't increase interest rates this year, it will surge. Any more US$ strength could tank the broader market faster than anything.
The truth is that the only real sensitivity KMI has is interest rates.
He's seen this all before. Assets that might have been bargains have been bid up by hedge fund $. I think RK will wait until they get tired of waiting or come face to face with the realities of running an energy company and pick off assets then. He doesn't really NEED anything. He could dig into the backlog if he needs to. I just think that he knows that the real bargains end up in the hands of dry powder and wants to be the one.
I'm quite satisfied to pay him his $1 to run the company for us little fish.
Of course it will. It is meaningless. There is no good reason to chase into an ex-div date with high yielders. Nevertheless, if you plan on holding them it matters less.
I guess you are right. It probably comes down to your investment horizon. I have been doing this a long time and every once in a while you spot a multi-year theme before others do. You don't always register at the time but as things unfold and prove you right you get more aggressive and more long term. I wish I had bought more at the time but I've made up for it in spades.
Thus I guess what I am saying is that while a dump to $40 now would be disappointing for me, it would be a big victory for you. The price only matters when you buy and when you sell and given the direction KMI seems to be going in I think there is much money to be made. After taxes I could not possibly replace even 60% of the IRR on my position. I'll sit tight. I know we tease and whip you here. The truth is that no one wants to see you hurt and if you want to play from the short side, KMI is just not the vehicle to do it. Right now I am looking at all the momentum stocks with a view to buying some puts for the November timeframe.
Go short something there, you will make money. But also get long some KMI. This is a horse to ride for a while.
"because I get vile in my responses to you when you act your usual childish self"
OOOOOO, Doggie is in a biting mood.
Stop trying to swim upstream.
If you want short targets there are plenty in momentum crowd right now. Why mess with something that's protected by a fat dividend.
Come on, dude. Don't turn your trade now. Get out and enter on the long side after it goes ex. You'll probably get a shot at $41 and change next time energy takes a fart.
Yo, DOGGIE! We miss you today.
We didn't have the benefit of your wisdom in 19 posts today.
Bash, bash, bash, .... good old doggie. Post after post of irrelevancies. Or at least irrelevancies to long term holders. I am waiting for my dividend and in two or three years we can discuss the matter with some perspective. Yes, the stock won't be static but we know where its going. They're walking away from possible deals because they see better uses for their capital. They are not building this business for your quick short. It will evolve over time and we will all make money all the way.
So, I understand why you're frothing at the mouth. After all, we've seen it all before. And everyone's judgement is that you've had you butt whooped. Nevertheless, for most of us the stock price fluctuations are nothing but noise.
Gripe, gripe, whine, whine.
So, Doggie, the quarter you made has now been cut in half.
What will it take to convince you that KMI is a stock to play from the long side?
I think it was just long-only funds finding safe haven on Friday that sold yesterday.
If it was profit taking I doubt that the volume would have been that high.