Kinder Morgan $KMI Disaster- did the market get it wrong?
One of the widest held securities by the individual investor declined 30% this week alone. Kinder Morgan, the 3rd largest energy company in the U.S. issued a press release today that was read wrong by the market. Several twitter posts indicate that Kinder said the dividend was for grabs. Their press release in my opinion was issued to reassure the market but may have had the opposite effect instead, spooking investors instead of reassuring them. Kinder Morgan Announces 2016 Financial Expectations “In its third quarter earnings call, Kinder Morgan, Inc. (NYSE: KMI) indicated an expected 2016 growth range of 6 … Read more