MAJOR IPO ALERT: Kinder Morgan Coming Public Again (KMP, KMR, KMI)

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Products Pipelines— approximately 8,400 miles of refined petroleum products pipelines that deliver gasoline, diesel fuel, jet fuel and natural gas liquids to various markets; plus approximately 60 associated product terminals and petroleum pipeline transmix processing facilities serving customers across the United States.

Natural Gas Pipelines— approximately 15,000 miles of natural gas transmission pipelines and gathering lines, plus natural gas s
torage, treating and processing facilities, through which natural gas is gathered, transported, stored, treated, processed and sold.

CO2— Produces, markets and transports, through approximately 1,400 miles of pipelines, carbon dioxide to oil fields to increase production of oil; owns interests in and/or operates ten oil fields in West Texas; and owns and operates a 450-mile crude oil pipeline system in West Texas.

Terminals— approximately 120 owned or operated liquids and bulk terminal facilities and more than 30 rail transloading and materials handling facilities located throughout the U.s. and portions of Canada, which together transload, store and deliver a wide variety of bulk, petroleum, petrochemical and other liquids products.

Kinder Morgan Canada— Transports crude oil and refined petroleum products through over 2,500 miles of pipelines from Alberta, Canada to marketing terminals and refineries in British Columbia, the State of Washington and the Rocky Mountains and Central regions of the United States.

During the first nine-months of 2010 revenues were $6.2367 billion versus $5.2345 billion for the same period in 2009.  Operating income for the nine-month period was $830.9 million versus $1.0478 billion for the same period in 2009.   As of September 30, 2010: net property, plant and equipment are listed as $16.9479 billion and the total assets were listed as $28.7488 billion.

Kinder Morgan Management LLC (NYSE: KMR) is very close to an all-time high. It was under $35 at issue in 2001 and now sits above $63.00.  It has also paid out nearly $20.00 in distributions since.  Kinder Morgan Energy Partners LP (NYSE: KMP) has grown exponentially.  Kinder Morgan is soon to be public once again.  Unless the world economics and unless the world of energy changes between now and then, it is a very safe assumption that the initial public offering will have a very high interest from institutional and retail investors alike.

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JON C. OGG

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