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Kinder Morgan Energy (KMP): 'Paragon of consistency'

"Kinder Morgan Energy Partners L.P. (NYSE: KMP) is a paragon of consistency; the stock continues to rise and the company continues to deliver on its expectations," says Jack Adamo.

In his Insiders Plus newsletter, he explains, "The master limited partnership has made great strides in cost controls to compensate for the weak economic environment. When things turn around, it could really take off."

"KMP is one of the largest and most respected pipeline and energy storage LPs in North America. It operates or owns interests in more than 26,000 miles of pipelines and 170 terminals.

Continue reading Kinder Morgan Energy (KMP): 'Paragon of consistency'

Pickens gains 79%, not nearly enough to matter

A 79% return is both astounding and not enough. T. Boone Pickens has seen his energy funds push that much higher this year, but it comes on the heels of 2008, in which his firm, BP Capital, lost more than 90% of its value – plunging from assets under management of more than $4 billion to $500 million. The Energy Equity fund lost 64% of its value, with the Energy Fund off 98%.

The 54% decline in oil prices from last summer – from a record high of $147 – not only pushed Pickens' investments lower but prompted him to exit positions and, in October, lift restrictions on withdrawals by his clients.

Continue reading Pickens gains 79%, not nearly enough to matter

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 26, 2012: 04:33 PM

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