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   Technology StocksKMI- a fallen high dividend yielder - for how long?


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From: E_K_S10/16/2019 8:40:43 AM
   of 156
 
Kinder Morgan Q3 2019 Earnings Preview
Oct. 15, 2019 5:35 PM ET|About: Kinder Morgan, Inc. (KMI)|By: Vandana Singh, SA News Editor

Kinder Morgan (NYSE: KMI) is scheduled to announce Q3 earnings results on Wednesday, October 16th, after market close.

The consensus EPS Estimate is $0.24 (+14.3% Y/Y) and the consensus Revenue Estimate is $3.47B (-1.4% Y/Y).

Over the last 2 years, KMI has beaten EPS estimates 38% of the time and has beaten revenue estimates 25% of the time.

Over the last 3 months, EPS estimates have seen 3 upward revisions and 3 downward. Revenue estimates have seen 1 upward revision and 8 downward.

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To: E_K_S who wrote (68)10/16/2019 11:40:30 AM
From: robert b furman
1 Recommendation   of 156
 
Hi E_K_S,

Kinder is now pumping LNG out of elba island and one of the Permian pipelines to Katy is now pumping.

Now they will high gross additional capacity for others to that pipeline - it will add to their gross for the next several years PLUS the coastal pipeline next year.

The cash flow should take a quantum jump next quarter.

In between we are getting substantial return of capital which reduces cost basis and bumps the dividend yield when it is wholly shared earnings - which I expect it will soon be.

Over the three years of depressed prices,I've added a lot via puts assigned to me.

Bob

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To: robert b furman who wrote (69)10/16/2019 11:52:50 AM
From: E_K_S
   of 156
 
KMI my No. 3 portfolio position. Was looking at selling 20% of my top 10 holdings to raise cash for a construction project planned for 2022. Project has an estimated cap rate of 8.5% so it is pretty compelling to raise my cash now rather than in 2 years.

Would park the money in a 5year short term treasury fund . . .

I may further qualify sales by future div growth and KMI share sales may get spared on the first cut.

Do you have 2-5 price expectations assuming rates stay in this low range?

EKS

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To: E_K_S who wrote (70)10/16/2019 12:25:13 PM
From: robert b furman
   of 156
 
HI E_K_S,

By the time they get both permian pipelines built (although they are shared ownerships) Plus elba export of LNG, revenue will be substantially improved. It appears the LNG export will grow to be huge globally as many projects have received FID's.

Many in the permian do not get the full price for their oil as they must use rail.

For KMI to include a connection to the most efficient method of transporting, a company needing cash flow will pay handsomely to get hooked in to the pipeline.

I do not expect a return to a $2.00 dividend, but I think Kinder has to shoot for that, to redeem himself in the eyes of many stockholders who hung with him. Not only to redeem himself,but he has been buying more stock himself.

I have a mixed feeling about return of capital. I'd like to see the dividend get covered before the dividend gets bumped beyond $1.25.

My average is $19.04 so at 6.6% - I'm a happy camper.

If they keep rising to the 2.00 divind of the past, I'm sitting on a 10% plus yield with a lowering cost basis.

KMI is going to be around for my life and growing without a doubt in my mind.

It's a buy and hold in my retirement plan.

I park it next to my T and XOM and sleep well at night.

I too have a construction project coming.

If I do not have the cash flow from dividends to cover the building , I'll get a construction loan.

Rates are too low for me to sell a portfolio of dividend aristocrats that I have worked hard to get at right prices by selling long term puts and having them get assigned to me.

There are plenty of bankers out there looking to make cheap loans when they know they will get paid back. <smile>

Bob

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To: robert b furman who wrote (71)10/16/2019 1:50:58 PM
From: E_K_S
   of 156
 
Ok good to know. Plan to pay cash for the project estimate it to run $300K-$350K. Have budgeted a NG Fuel Cell 25KW at $800/KW instead of solar panels and Powerwall batteries. I can sell extra electricity back to the utility (even at peak price during the day) but still running the numbers to see the total payback.

The project build is what is called an ADU ( Auxuallery Dwelling Unit) but will build ontop of garage and over kitchen for a total of 650 sqft. Will have to rebuild garage to meet current earthquake code so 2nd story addition meets permits. Project will come in at $300/sqft but still early so total costs could be higher.

Rents for ADU unit (includes electricity, water & Internet) $2,500-$3,000 per month. Other unit (main home-after remodel of $75K) $3,000-$3,500 per month.

The NG Fuel Cell is another revenue stream to the project and all works because of cheap NG delivered to the property.

I now learn that no new construction in San Jose, CA (like Berekley) will not allow NG pipes to the new construction (inludes ADU's). I should be able to install the NG Fuel Cell to the existing structure and then feed the 2nd electric panel to the ADU unit. It makes so much more sense than the Solar Panels (much smaller foor print 6'x6'x6') and you still get all those energy credits (almost $5K). The NG Fuel Cell investment maybe $20K-$25K and can be depreciated 10 years.

The Redox Cube

This may/could add 7% to the project cost but I think total return w/ credits will increase my project cap rate.

I have an investment in the IPO BE and this unit is 10x more efficient. Eventually will let my BE shares go and maybe I can use those proceeds to pay for this unit (have 2 years to decide).

I believe in the distributed power solution but Solar is not always the best answer IMO.

KMI delivers the NG to my utility so in many ways if I go ahead w/ the NG fuel cell, I own many of the component pieces in generating my electricity for my two unit build in Silicon Valley.

EKS

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To: E_K_S who wrote (72)10/16/2019 2:59:34 PM
From: robert b furman
   of 156
 
Sounds neat,

Keep me updated.

I'm thinking of using evacuated tubes for heating water with pex in concrete.

Have studied this for a long time. Doesn't have to keep warm, just prevent freeze.

Tubes with heat exchangers and pumps keep getting cheaper, but must start next spring.

Bob

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From: E_K_S11/1/2019 12:57:09 PM
   of 156
 
KMI shares rise as Richard Kinder buys 300K shares
Nov. 1, 2019 11:13 AM ET|About: Kinder Morgan, Inc. (KMI)|By: Carl Surran, SA News Editor

Kinder Morgan ( KMI +1.8%) shoots higher following a disclosure that Executive Chairman Richard Kinder bought 300K shares worth ~$6M, at an average price of $20.17/share.

Kinder now owns 242.2M KMI shares in a personal account, and an additional 11.8M shares through a limited partnership, according to SEC filings.

The purchase is Kinder's first since August, though he has been a steady buyer of KMI shares, with YTD purchases now totaling more than $130M.

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From: miraje11/27/2019 11:45:14 AM
   of 156
 
Is it time to pull the plug on KMI? Down again today. Insiders keep on buying as the stock keeps dropping..

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To: miraje who wrote (75)11/27/2019 9:47:48 PM
From: robert b furman
   of 156
 
I added to today.

Been a while since I did, and biz is getting better.

KMI should pick up 2.3 billion in December from sale of canadian pipeline.

The dip before the pop.

Bob

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To: robert b furman who wrote (76)12/3/2019 7:58:05 PM
From: robert b furman
   of 156
 
Looks like a buy today - I bought some more today.

If the $1.25 is approved next April, this stock will be yielding over 6.5% with June's dividend.

That's a 5.22% yield for 6 more months and then a 6.3% dividend in a sector that is growing in many ways;

1)ELECTRICAL GENERATION IN THE USA.

2)Exports to Mexico

3)Exports to the world via LNG ports of which some are working now and many are close to start up as the pipelines from the Permian and Marcellus are or will be completed soon.

4) NOT TO MENTION THE MANY PETROCHEMICAL PLANTS BEING BUILT IN THE HOUSTON SHIP CHANNEL AND SURROUNDING AREA.

Bob

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