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Kinder Morgan Energy Partners, L.P. Message Board

rjraecek 15 posts  |  Last Activity: Sep 9, 2014 4:21 PM Member since: Mar 22, 2002
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  • Reply to

    Prefered Shares

    by yp_brad_brooklyn_park Aug 30, 2014 9:06 PM
    rjraecek rjraecek Sep 9, 2014 4:21 PM Flag

    go to www.quantum.com

  • Reply to

    Adjusted Cost Basis

    by rjraecek Sep 7, 2014 11:39 AM
    rjraecek rjraecek Sep 9, 2014 10:31 AM Flag

    jrad52,
    Thanx for your input. In the fours years I held I didn't do any selling, only purchased. I might add that when I did sell it was all "LONG" term. I sold off all the units at one time. My accountant also couldn't believe the zero adj. income but that's what was indicated on the K1.

  • Reply to

    Adjusted Cost Basis

    by rjraecek Sep 7, 2014 11:39 AM
    rjraecek rjraecek Sep 8, 2014 9:23 AM Flag

    Is there anyway to determine prior to the sell date what will be the adjusted income. I don't want it to be at "zero". I guess I could do an approximation to get me in the ball park, but that doesn't seem practical.
    Last year, I sold off KMP, (rebought at a later date) and after 4 years of distributions, my cost basis was zero, didn't add up but that's what the K1 showed.

    Sentiment: Buy

  • Reply to

    Passive Loses if transfer shares to children

    by nancysueh Aug 18, 2014 11:03 AM
    rjraecek rjraecek Sep 7, 2014 11:43 AM Flag

    • If a unitholder dies and the units pass to his heirs, the basis is reset to the fair market value of the units on the date of death, and the prior distributions are not taxed.

  • How does one keep track of the "adjusted cost basis"?
    Since the above changes every year. I don't think its simply tracking the distributions minus the original purchase price. I found the below info and I'm trying to apply that to my situation.
    "Your share of partnership income reported on the K-1 each year adjusts the basis upward; and your share of deductions reported on the K-1 each year adjusts the basis downward.
    Once you reach zero, the portion of the distribution that was return of capital now becomes taxable—all your investment capital has been returned. Taxation of this portion of the distribution will occur at the capital gains rate."

  • Reply to

    Taxes

    by bobcam_11040 Aug 21, 2014 4:15 PM
    rjraecek rjraecek Aug 25, 2014 3:08 PM Flag

    The reason why I use the message board is to pick up new ideas and to see what the other half is doing. My cpa charges for advice as he should do.

    Sentiment: Buy

  • rjraecek by rjraecek Aug 19, 2014 11:15 AM Flag

    RBC Capital Markets today raises its price targets for all the companies in the Kinder Morgan complex in the wake of the deal that wraps them all up under the Kinder Morgan Inc. (KMI) ticker. Here’s RBC’s breakdown:
    RBC ups its KMI price target to $45 from $40 (it’s currently trading at $41.31 Tuesday)
    RBC ups its Kinder Morgan Energy Partners, L.P. (KMP) target to $109 from $83 (currently $98.24)
    RBC ups its Kinder Morgan Management, LLC (KMR) target to $112 from $83 (currently $100.25)
    RBC ups its El Paso Pipeline Partners, L.P. (EPB) target to $47 from $35 (currently $42.46)

    RBC says it’s not making changes to any of its other estimates for any of the four, and the change in the KMI target price is the driver for the other three changes and assumes a target yield of 4.1%. From RBC

    Sentiment: Buy

  • Reply to

    Passive Loses if transfer shares to children

    by nancysueh Aug 18, 2014 11:03 AM
    rjraecek rjraecek Aug 18, 2014 12:54 PM Flag

    The only method of transferring stock certificates to children w/o paying taxes is to, die.

  • rjraecek by rjraecek Aug 14, 2014 2:53 PM Flag

    Kinder Morgan Energy Partners L.P’s (KMP) board of directors are under scrutiny for possible breaches of fiduciary duty and other violations of state law related to sale of the partnership to Kinder Morgan Inc. (KMI).

    Levi & Korsinsky, a national firm, is investigating the matter. It is looking into whether Kinder Morgan’s board violated fiduciary duties to stockholders by failing to effectively shop the partnership before agreeing to enter into this transaction. It is also examining whether KMI is underpaying for Kinder Morgan shares.
    I'm holding onto my KMP shares for now.

    Sentiment: Buy

  • Reply to

    Why the deal is unfair to KMP stockholders

    by ommd21117 Aug 12, 2014 12:16 AM
    rjraecek rjraecek Aug 13, 2014 1:29 PM Flag

    I just bought into KMP this past June. How does this affect "Short Timers"?
    I would prefer to hold but cringe of the tax burden for a short seller.

    Sentiment: Strong Buy

  • Reply to

    Do Nothing

    by emac4909 Aug 11, 2014 2:18 PM
    rjraecek rjraecek Aug 11, 2014 3:05 PM Flag

    MLPs trade in units rather than shares. Holders of Kinder Morgan Partners and El Paso will have the option of taking cash or KMI shares in return for their units, according to the statement. The transactions are comprised of $40 billion in parent company equity, $4 billion in cash and $27 billion in assumed debt, according to the presentation.

    Kinder plans to raise its 12-month dividend by 16 percent next year to $2 a share and to raise the payouts by 10 percent annually through the end of the decade.

    Sentiment: Strong Buy

  • Reply to

    Stock split

    by dwcnero Jul 15, 2014 9:42 AM
    rjraecek rjraecek Jul 16, 2014 1:57 PM Flag

    not so, take a look at SXL, PAA, hasn't moved much since the split. I have found that instead of buying XXX amount of shares, I just reduce the quantity in half, basically only with what I can afford. Wish they didn't do the split. Great company and will buy more.

    Sentiment: Strong Buy

  • rjraecek by rjraecek Jul 10, 2014 9:52 AM Flag

    HOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (NYSE: EPD) announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.72 per common unit, or $2.88 per unit on an annualized basis. The quarterly distribution will be paid on Thursday, August 7, 2014, to unitholders of record as of the close of business on Thursday, July 31, 2014. This distribution, which represents a 5.9 percent increase over the $0.68 per unit distribution declared with respect to the second quarter of 2013, is the 49th distribution increase since Enterprise’s initial public offering in 1998 and the 40th consecutive quarterly increase

    Sentiment: Strong Buy

  • PAA increased its quarterly cash distribution to $0.6450 per unit ($2.58 per unit on an annualized basis) on all of its outstanding limited partner units. This distribution represents an increase of approximately 9.8% over the quarterly distribution of $0.5875 per unit ($2.35 per unit on an annualized basis) paid in August 2013 and an increase of approximately 2.4% over the quarterly distribution of $0.6300 per unit ($2.52 per unit on an annualized basis) paid in May 2014. Once the August distribution is paid, PAA will have increased its quarterly distribution to limited partners in 39 out of the past 41 quarters and consecutively in each of the past 20 quarters

    Sentiment: Strong Buy

  • Reply to

    Not a big revision.

    by rbrentbyrne Jun 27, 2014 7:42 AM
    rjraecek rjraecek Jun 27, 2014 9:45 AM Flag

    I bought in about 3 weeks ago and I feel screwed.

KMP
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