A Closer Look at Kinder Morgan-El Paso
Kinder Morgan Energy Partners (KMP) has agreed to acquire El Paso Corp. (EP) for $37.8 billion, including all of El Paso's debt. El Paso is one of nation's the largest natural gas companies with exploration, production and transportation subsidiaries. Kinder Morgan is a set of interlocking companies, some only partially owned but all seemingly controlled by one individual, Richard D. Kinder.
To clarify, there are three publically traded Kinder Morgans. Kinder Morgan Inc. (KMI) can be viewed as the parent company. It is the general partner and owns approximately 11% of Kinder Morgan Energy Partners, and approximately 14% of Kinder Morgan Management (KMR). But Kinder Morgan Management owns approximately 29% of Kinder Morgan Energy Partners, so it could also be considered the parent company, too....581 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.