Buying KMI @ $14.88
2% position
Kinder Morgan is a pipeline company. They experience growth with more oil being produced - which tends to happen when oil prices go up. Think of them as a toll road for oil flows. They need more traffic to make more money - and justify building out more roads (pipes).
While we wait for growth, KMI pays a well covered 7% dividend yield. Not too shabby!
I last traded KMI down here below $15/share and sold it just under $16/share.
So I think it's a solid buy down here and won't be afraid to add more below $14.
2% position
Kinder Morgan is a pipeline company. They experience growth with more oil being produced - which tends to happen when oil prices go up. Think of them as a toll road for oil flows. They need more traffic to make more money - and justify building out more roads (pipes).
While we wait for growth, KMI pays a well covered 7% dividend yield. Not too shabby!
I last traded KMI down here below $15/share and sold it just under $16/share.
So I think it's a solid buy down here and won't be afraid to add more below $14.
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