| Account | Shares | Price | Value | % of acct | Cost/sh | Gain $ | Gain % | Target |
|---|---|---|---|---|---|---|---|---|
| 401K | 184 | $31.68 | $5,829 | 0.24% | $27.34 | $799 | +15.9% | — |
In short: One of the strategics ("your Kinder Morgans") that own competing storage and "love their storage" — the set-up for his "rising tide floats all ships" framing of the industry. Peer reference, not a stance.
3:42These are companies that love their storage, right? Your Williams, your Kinder Morgans, your TransCanada, your Enbridges. And so while we're the largest independent, we do offer now that we're public, since October, the introduction to investors to be able to participate in a pure-play storage opportunity.
In short: The third of Harrington's named midstream holdings — "Energy Transfer, Enterprise, Kinder Morgan, MPLX… they don't have the exposure" — the pipeline/toll leg of an energy position she is keeping precisely because it did not re-rate on crude going from $58 to $86.
Kinder Morgan runs one of the biggest natural gas pipeline networks in North America. Like the other midstream names Harrington holds, it earns a fee for transporting energy rather than a profit on its price.
She keeps it for the same two reasons: it has not been re-rated by the move in crude, and it pays out substantial cash now. In a world where long-term interest rates stay elevated because of heavy borrowing — corporate debt raised to build AI data centres plus government issuance — cash today is worth more than a promise of cash later, and that is a tailwind for this kind of business rather than a headwind.
In short: One of the pipeline names in Terranova's new 10% energy weight. He likes the setup precisely because "I don't think people trust the energy" — disbelief built while longs were reduced, and today energy is the best sector by a mile (+3.6%) with the strongest volume of the eleven sector ETFs.
Kinder Morgan is one of the largest natural-gas pipeline operators in North America, added as part of Terranova's 10% energy weight. His reasoning is about crowding rather than valuation: "I like the setup because I don't think people trust the energy — I think people think energy is going right back to 65." When almost everyone has sold and disbelief has set in, there is little selling pressure left and a small piece of good news moves the price a lot.
In short: Baruch: "we really like the pipelines, the midstream — you've got the Cheniere, the Kinder Morgan. They're going to continue to get paid on moving [the molecules] into power. It's just under-invested, and the demand in the United States is going to be needed for power [and] AI."
Kinder Morgan runs natural-gas pipelines, and Bill Baruch prefers this end of the energy business precisely because it doesn't depend on the oil price: "they're going to continue to get paid on moving [the molecules] into power." His thesis is a shortage of infrastructure rather than a shortage of fuel — pipelines are "just under-invested, and the demand in the United States is going to be needed for power and AI."
In short: Building pipelines to supply the Gulf-Coast LNG terminals; projects US natural-gas demand could jump 28 Bcf/d by 2030 (>25% above 2024). A natural-gas growth play — though the article also flags it as the 2015 cautionary tale, when even Kinder Morgan cut its dividend.
Kinder Morgan is one of the largest US natural-gas pipeline operators. It's building pipes to feed the Gulf-Coast terminals that chill gas into LNG for export, and it expects US gas demand to jump more than 25% by 2030 as exports and data-center power demand climb — a multi-year growth runway.
The catch the article raises: Kinder Morgan is also the poster child for the last bust — in 2015 it slashed its dividend after over-building into a commodity downturn. So it's a gas-growth winner that doubles as the cautionary tale about getting over-extended.
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Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.