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4.00% 5.2¢ challenger gold limited

One fool does...Kinder Morgan (the company acquiring El Paso) is...

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  1. cmonaussie
    11,046 Posts.
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    19/10/11
    16:43
    Post #: 9162988
    One fool does...

    Kinder Morgan (the company acquiring El Paso) is primarily a pipeline company. They want the the pipeline assets of El Paso and will sell the Exploration and Producing (E&P) business of El Paso.

    KM was a giant before acquiring EP. Now it is undisputed #1 transporter and storer of O&G products in US. They clearly see expansion in domestic US production.

    But as far this transaction's effect on a an E&P company there is none. Could be that US domestic O&G by 2020 is larger than Saudi - all due to shale



    CEL Price at posting: 9.8¢ Sentiment: LT Buy Disclosure: Held
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