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Industry Focus

Energy: Surprising Earnings Highs and Big Buys

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 22 January 2015

⏱️ 10 minutes

🧾️ Download transcript

Summary

Earnings are kicking off for the energy sector with a few surprising better than expected results from oil services companies.

Transcript

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0:00.0

I hope Rich Kinder has some comfortable boots because he plans on dying in them.

0:04.0

This is industry focus.

0:10.0

Tyler, that's what he said.

0:13.5

Oh, that's executive chairman now, but that is one heck of a statement for a CEO to really like

0:18.7

come down on the quarterly statement and be like, I need these.

0:21.2

That's fun. Yeah, he's leaving the CEO he's going to be

0:25.0

executive chairman the largest infrastructure company in the in the world I

0:29.6

think for energy as far as that's concerned but executive chairman so we're not losing

0:34.2

him just yet. No and like he's like said Steve Kane's taking over he's been the

0:38.8

CEO for our COO excuse me for how long now at least like for I think even from the inception back in

0:45.0

2002. Been there for a really long time. I don't think we're going to see a whole

0:49.4

lot of problems in terms of CEO succession in terms of Kinder Morgan or anything like that.

0:54.1

But more importantly with them it was earnings time.

0:58.2

And Kinder Morgan earnings, you know, that's one of the things with Kinder Morgan and a lot of these

1:03.4

midstream companies stuff like that a lot of people are going to look at

1:06.7

earnings and if I'm going to talk to the camera right now don't look at earnings

1:11.9

earnings don't matter with these kind of companies.

1:15.0

One of the big reasons for that is you know they're really asset heavy, they have a lot of

1:18.0

depreciation, they can do things like asset write-downs and stuff like that.

1:22.0

It doesn't matter as much.

1:23.5

Those sort of non-cash charges don't really impact the overall business.

1:28.6

You need to look at the cash flow statement.

...

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