On Wednesday, January 25th Quinn Flaks pitched Kinder Morgan, a midstream energy company that operates mostly in the US and Canada. Kinder Morgan remains the largest midstream energy company in North America. Quinn explained that natural gas is Kinder Morgan’s biggest segment which he views as the energy of the future. However, the company has five segments in total which include Natural Gas Pipelines, CO2, Terminals, Products Pipelines and Kinder Morgan Canada.
In addition, Kinder Morgan has 13 billion dollars of investment projects underway. These include: Broad Run Expansion (June 2018), Connecticut Expansion $93M (Nov. 2017), Trans Mountain Express $6.8B (doubling what is already there) and Utopia. Therefore, Quinn believes that Kinder Morgan will realize the gains from these projects in the next couple years. A motion was made to buy 400 shares of Kinder Morgan at a limit order of 22.35 and sell 65 shares of Anadarko. It passed 28:2.