12/12/13: Hold Off Buying More Kinder Morgan
We’re downgrading Kinder Morgan (NYSE: KMI) to a Hold following its affiliated partnerships’ lackluster 2014 forecast. While longer-term fundamentals remain attractive, the recent trading action suggests bargain-hunting here could be risky until KMI manages to slow and reverse downside momentum. For more information, see the Dec. 9 edition of The Energy Letter.
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