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Kinder Morgan Energy Partners Message Board

waccamawbill 1 post  |  Last Activity: Jul 13, 2015 1:10 PM Member since: Mar 22, 2002
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  • This all makes me as sick and unhappy as all of you are. This is what happens when the short pumpers post bankruptcy predictions and $10 BBL crude. Lets not forget that Line is hedged and the company's hedging strategy has been close to the best in the industry. Revenue will come from hedging all the way out to 2017. Line is not going bankrupt. If Obama can get an terrible deal past Congress for Iran, Iran will flood the market and crude will be under heavy pressure. Saudi Arabia just said yesterday that demand for the Kingdom's oil is below the current production. In other words, like it or lump it, Saudi Arabia will have to rebalance and decrease production. Crude at $10 to $20 is laughable. Oil producers have already taken a huge revenue haircut and all the bravado about punishing new producers is like #$%$ into the wind. The Kingdom and the Arab producers cannot stand this much longer. All of them need $100 crude to keep the coffers full and the social programs holding back another Arab spring power grab. Saudi Arabia is also spending money on actual military operations that get more expensive everyday. Bottom line, it is time to add to your holdings. Crude will rise and could be over $85 by Christmas.

    Sentiment: Strong Buy