why the thumbs down? what I stated is a fact, depending on the investor the UBTI recapture could be significant. One might save on taxes even in an IRA if one moves from KMP to KMR now before the deal completes.
guess people would rather hide with their heads in the sand.
KMI is NOT a partnership, and it never was. Its a C corp and General Partner and there are NO K1s for KMI. I guess you really don't have an investment in KMI and your just pontifacating.
they may go into LNCO as well, some of the KMP holders may have learned the ramifications of an mlp the hard way. ie MLPS are not guaranteed income annuities. actually even thats not safe cause annuities can also fail with bankruptcy can't they ?
wow are you in denial ? Listen to the conference call, separate deals was discussed, they won't happen. The deal is NOT wobbling, everybody likes the deal except those that hate paying tax more than making money.
Dream on, dream on, dream on,
Dream until your dream come true
Dream on, dream on, dream on,
And dream until your dream come true
I'm sticking with richard kinder, but not for the whole investment. Taking some of the gains and moving it to other smaller mlps such as ARP, QRE that are still near the bottom of their pricing. Not adding to ete/etp, already have a full position in energy transfer and they are relatively high.
the options market does value time. Thats the only place that I know of aside from similar vehicles for commodities. One of my primary strategies is to leverage theta.
Annuities don't even count as part of the market.
BULL, The partnership agreement does not guarantee time value. Did you ever read it ?
You and you alone are responsible for your own taxes.
Within what I was able to invest in the Kinder family I am a major beneficiary. And actually so were you. You just can't admit that you were wrong to be in KMP because of well documented risks when you had the choice of KMR.
you might benefit from less final UBTI recapture if your holdings are large enough, if you do the swap now before the merger completes at full value. KMR\KMI is a straight stock swap and does not trigger a tax event.
why should anyone pay your taxes for you ? Thats really what your asking isn't it ?
Please please explain.
1. There are no separate deals. All three agree or the deal fails.
2. KMP and KMR represent equal amounts of the kinder enterprise. You can't sweeten the deal for KMP without sweetning the deal for KMR, and proportionally so for EPB.
Its folly and fantasy for anybody such as the SEC to think that kinder is responsible for income tax on Ordinary income that a KMP unitholder has received. Next thing you know you want Obama to pay your taxes for you. (actually would be kind of cool if Obama paid my taxes for me!)
well I already sold all my KMI.
If I owned KMP I would seriously consider selling into the rips. Partly because of the tax issue and partly to capture at least some of the profit right away..
I intend to hold some kmi long term, so I added to my KMR position, but some of kmi monies are moving to other MLPs to rebalance my portfolio, since kmi is qualified divs.
Your forgetting that A billion dollar project has to be financed. The financing will be cheaper after the reorg. Thats a big deal.
yes it is gettin old, it would be a lot more productive if it were to pull back sharply and bounce back strongly than this slow drip down. Pattern suggests profit taking sellers frustrated waiting for it to bounce, finally give up and throw in the towel selling little by little as it drops.
I don't believe you but ...
if so assuming you have 3,000 shares of KMP you now have a capital gain around 50 or 60K.and if you have held the shares for 5 years you may have accumulated 80K in ordinary income that you have NOT paid income tax on, and your complaining and whining because you have to pay income tax on 130K that you made from investing around 135K?
disclaimer: these are very rough numbers and are meant to just ballpark what some think they are entitled to.
if the deal for KMP gets sweetened (not likely) they will have to also sweeten it for EPB and KMR.
if you want to be in KMI over the long haul the place to enter is in KMR.
Purchasing KMP now, will cause an unneccessary tax event upon completion of the merger, while KMR is a straight stock for stock swap with no tax event.
There is stil 2-3% arbitrage difference between KMI and KMR which is yours if you enter via KMR
On what grounds would the FTC not grant the conversion ? Its a merger of a single business just different organizational entities there aren't any monopoly concerns or other related harm to the consumers.
The IRS has nothing to do with the FTC
boy are you a sourpus spouting utter nonsense and causing FUD.
You only have 5 posts. are you actually a short playing kmi arbitrage ?
ete is in a different position than kmi cause ete is an mlp as well as a GP. It doesn't suffer from the high tax rate that KMI does from the pricey IDRs. ETE has also deferrred a bunch of the IDRs to allow etp and others to absorb the assets and grow.
More consolidation of the assets at the etp, rgp sxl level would be cool.