• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 2 hours Cpt Lauren Dowsett
  • 2 hours Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 43 mins Its going to be an oil bloodbath
  • 57 mins Marine based energy generation
  • 9 mins What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 6 hours Which producers will shut in first?
  • 3 hours CDC covid19 coverup?
  • 3 hours How to Create a Pandemic
  • 3 hours Iran-Turkey gas pipeline goes kaboom. Bad people blamed.
  • 21 hours The Most Annoying Person You Have Encountered During Lockdown
  • 14 hours The idea that electric cars are lowering demand is ridiculous.
  • 15 hours Russia's Rosneft Oil Company announces termination of its activity in Venezuela
  • 20 hours Natural gas price to spike when USA is out of the market

Breaking News:

IEA: OPEC Can’t Save The Oil Market

Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Kinder Morgan Still A Buy Amid The Panic

Kinder Morgan is a buy today, as the shares are being sold in a panic.

First – let’s talk about panic. Because I’ve gotten more stressed messages on Kinder Morgan Inc. after my recommendation of the shares at $21 Wednesday than on just about anything else in my career.

If it helps you, whatever you’ve got in KMI or are down in KMI is likely much less than what I’ve got and what I’m down.

Now, take a breath (or a vodka shot) or whatever else you do to chill out and have a look.

Next, realize that panic is not logical. For me, I pick a number that’s stupid, take two dollars off of that and start buying. I know I’m not likely going to “pick a bottom” – I DO KNOW that I am going to be buying value.

Kinder Morgan is a $28 stock to me – all day. So, when it goes into panic mode, I say “OK, I’ll buy at $21, again at $18 and – if the world gets so stupid, again at $15”

Yes, I bought again this morning, if you’re asking.

The price of Kinder stock is now well below even the most pessimistic lower targets of any analyst I know of. We know that OPEC’s rumours of a quota RAISE was a supercharged knife in the heart of US and Canadian producers, adding to the MLP panic. And it will bring about the capitulation in production they were hoping to see already in non-OPEC players.

Because US production has managed to sidestep low prices for…




Oilprice - The No. 1 Source for Oil & Energy News