Kinder Morgan does have some problems:
- Under its new CEO, Kinder Morgan has been stretching its numbers slightly.
- The big drop in oil prices will hurt the CO2 business.
- The big drop in commodity prices will lower infrastructure demand in the short term.
However, I think that the 60%+ drop in the share price YTD is a little overdone. Kinder Morgan’s problems don’t seem that bad compared to other companies.
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