Since they are likely selling TLP LP units they own as well as the GP the stock reaction would suggest that investors view the LP UNITS AS OVERHANG to be offered as a secondary..I believe the sale of both will be to a single Buyer with the LP UNITS sold @ a price with a 5 in front of it .Recent transactions would suggest that IMO. The BOSTCO JV is ,I'm told by Industry people very valuable although $$ still to be spent
$25b is the Max...$50/share....Their liability will be a fraction of that,but probably not an insignificant amount..Could drag on for years;
TGP AND GLOG have locked in multi-year contracts..Express your concern on the GLNG Board.They have chosen to play the spot market.
No one was more surprised than the COO who bought 18000 shares in a direct purchase in Sept. !!
The fallacy in comparing with treasuries is that the treasury won't raise it's coupon but KMI will increase it's Dist....Multiple times.
I use to own it but the 117mm share Insider sale in May @ $26.60 was the Red Flag.for me.....Hope you all make a Ton !!.
Got that position from the spin due to their position in MUR...Can only be sellers from here
Junk Debt 144a offering...Ba rated..Doubt if they could get a Private Placement done without giving up the Farm including a Promise to reduce leverage within a reasonable period.Your suggestion of a Share offering is probably spot on.