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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (56327)12/4/2015 3:10:47 PM
From: Grommit  Read Replies (1) of 78751
 
KMI. I just bought a small amount based on today's press release and the Q3 conf call notes. The company is difficult to understand so this is more a leap of faith. Any opinions? $17.64

press here

expected 2016 growth range of 6 to 10 percent over its 2015 target dividend of $2.00 per share. KMI has now completed its 2016 budget process and expects to generate 2016 distributable cash flow of slightly over $5 billion, which would be sufficient to support dividend growth in the range discussed in the third quarter call.... Further KMI does not plan to issue equity at current prices.

conf call = ...natural gas operations produce over half of our cash flow and we move about a third of all the gas consumed in the United States. So... as natural gas demand grows, so do we.


grommit
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