Not to be a smart #%%, but I would much rather see something that doesn't take 7% off the stock price. You know what I mean?? Another thing, if the price of oil continues down, you are going to have a rough time trying to get this approved by your unit holders. I hope you thought of that.
Who ever told you that OPEC was short at the CBOE?
Cramer and all of the analysts are drooling over Kinder's Bakken play. I think they forgot one thing. It's going to take $70 oil to make this acquisition pay off. In the meantime, shareholders, who were virtually promised $.50 quarterly dividends, are holding the bag. Rich Kinder is a great "Smoke Blower". He successfully covered up a lousy earnings report by announcing an acquisition that will be "mildly" accretive for 2015 and 2016. Anyone want to make a bet on that happening? This acquisition is going to make KMI more vulnerable to oil prices in the future. No one in management discussed this on the conference call.
My question is: What is Rich and the gang going to pull out of their hats for the next quarter? Next quarter there will be no "Smoke Blowing". Rich has already bailed out so he can't be held responsible for results during the next quarterly earnings conference call. Buy Puts and Sell Calls, people. This boat is going down
Ha! Keep hoping....This was a complete snow job courtesy of Rich Kinder. He converted his KMP shares to KMI knowing what was going to happen. He executed the corporate conversion to KMI, then decided to bail out after he experiences a major capital gain. This is known as LEGAL insider trading. He wins and the shareholders pick up whatever is left over. Welcome to the American Capitalist System.
I thought you said that the quarterly dividend would be $.50. Where's the beef? Congratulations, Rich, you are the greatest "Smoke Blower" of all time. Announce an acquisition to cover up poor earnings and a disappointing dividend declaration. News for you, I already got my dividend by selling calls against your lousy stock.