Mon, Aug 11, 2014 11:11 AM EDT 1:10
The Street’s Jim Cramer says Rich Kinder listened. He listened to people who said the cost of capital was too high for KMP. Kinder bought KMP in an incredible transaction. Now it’s going to be KMI that’s in charge—which could be the third largest oil company in the country with a $2 dividend starting in 2015, says Cramer. Cramer says he would buy KMI. He says it’s going to be a remarkable company. Rich Kinder has said over and over again: he would make you money. He made you a fortune, says Cramer. There was a report last year saying the stock would be cut in half. Cramer doesn’t think it can be: it’s going away at a much higher price.