Kinder Morgan, KMI

KMI is at its high for the fiscal year, after taking a huge dump last fall culminating in their cutting the dividend to conserve capital.  SThe have spent the last 6 months selling assets and reducing cost and the stock price shows it, setting its 2016 high yesterday.

ETE is one I am in got in below 8 so a double.  It has more room to run.  PAA, has not recovered as well as the sector, but had out performed the group in the past.  They will pay regular distro this Q, but stated a cut next.  They are restructuring this, worth keeping on radar.  Spiked even on announced future distro cut which I found strange.  THEY also have a pending CALIFORNIA law suit, I was waiting on fine announcement hoping for a few point drop.  That is down the line, and may still play out.

ETE near year high, YTD high, should get to 18-20 but if they cut divi, should announce around 20th, it might tank some, but not back to single digits, 10-12.  IF they maintain at .28, will hit that 18-20 area, and hopefully low 20's.

They have both oil and nat gas, plus SUNOCO gas stations. Mid stream so not on producing side, transporting volume is key to ete. Some players have renegotiated pipe line charges. I know CHK renegotiated a BIG contract with WMB which made that deal EVEN less appealing. This DEAL also makes a CHK BK far less likely.

The BIG tank was 1/2 from oils collapse. The REST was the 6 billion of BRAND NEW debt to PAY for the WMB deal. So I still think it has legs, but it is levered to the commodities for sure, but more nat gas.