Where the Money Is 08.14.2014
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 14 August 2014
⏱️ 11 minutes
🧾️ Download transcript
Summary
Kinder Morgan just put together the biggest deal in energy since Exxon merged with Mobil. Also, don’t believe the United States is only producing oil in North Dakota or Texas otherwise investors will miss out on huge opportunities in states like Colorado and Louisiana. Finally, analysts Joel South and Taylor Muckerman discuss their favorite energy investment and both believe now is a good time to buy.
Transcript
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| 0:00.0 | Awaken from our Rip Van Winkle Slumber, we're bringing the energy back to where the money is. |
| 0:09.6 | A couple weeks off, a lot of interviews I think we've got everybody listened to over the last couple |
| 0:13.5 | weeks but we're back we are back the shortened bigger better version of where the |
| 0:17.2 | money is more more punch yeah Thursday energy is still the same but can't not talk about the biggest news, I think, in a long time in the energy sector. |
| 0:26.0 | Kinder Morgan. |
| 0:28.0 | Second biggest deal since what, ExxonMobil merger. |
| 0:31.0 | Yeah, right? I mean, 140 billion dollar company now. |
| 0:33.8 | They are officially the third largest energy company in the world. |
| 0:36.8 | The family has always been, but now it's one big company or soon to be. |
| 0:41.6 | A lot of cash or a lot of shares being handed over to shareholders of |
| 0:45.2 | KMP, EPB and KMR so now they're all KMI shareholders |
| 0:50.4 | are if they stick around. |
| 0:51.9 | They will be. |
| 0:52.4 | Yeah, I mean it's a it's quite a deal. 70. holders are if they stick around. They will be. |
| 0:53.0 | Yeah, I mean it's quite a deal, 70 billion dollars in all after actually assuming some debt. |
| 0:58.6 | But yeah, I think this is a very interesting move. |
| 1:01.6 | I agree. Innovative coming from Kinder Morgan. |
| 1:04.0 | Yeah, I mean if you look over the energy landscape over the last two years everybody has |
| 1:08.1 | been moving into MLPs, they've been trying to spin off all their pipelines to get the tax benefits. |
| 1:14.0 | However, you're seeing this, the biggest MFP company actually going the other way. |
| 1:18.3 | So, you know, we'll just be a new trend. |
| 1:19.9 | We'll have to see it. |
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