Investing in Kinder Morgan(KMI)

Michael J. Fletcher

Michael J. Fletcher

From the one hand - the stock price looks very low right now.
From the other hand - highly leveraged company in a rate hike period + oil is kind of bananas right now.
What do you think fellas?
 
Cswim63 said:
And the reason to buy it is?
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You know, if someone stole your wallet with 500_bucks in it,you'd be pissed. Calling the cops, launching an investigation. Yet you're about to lose probably ten times that, and there will be no inquiry.
 
Michael J. Fletcher said:
The reason to buy is the price, right now it's extremely low, and It will go even lower soon.

Even though right now it's tough times for oil it won't last forever and KMI will eventually bounce back.
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You have plenty of time. Wait till the smoke clears. There will be bankruptcies coming soon. Then you can better see who has friends and who doesn't. When the bankers panic, they can strand even good companies.
 
Cswim63 said:
You have plenty of time. Wait till the smoke clears. There will be bankruptcies coming soon. Then you can better see who has friends and who doesn't. When the bankers panic, they can strand even good companies.
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Price is not a reason to buy.
 
Cswim63 said:
You have plenty of time. Wait till the smoke clears. There will be bankruptcies coming soon. Then you can better see who has friends and who doesn't. When the bankers panic, they can strand even good companies.
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yeah right now I see it more clear. More pain for oil stocks ahead... Thank God I didn't buy KMI
 
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