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Kinder Morgan Inc.

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Despite a decline in the earnings and revenue during the third quarter, Kinder Morgan, Inc, increased its quarterly dividend and its backlog also registered a growth of 19%. The recent reorganization of Kinder Morgan companies simplified the company structure and is a positive going forward. However, the company’s focus on natural gas has raised concern amid a sluggish natural gas price environment. We are also cautious considering the risks that include an increase in crude oil production and pricing at the CO2 segment, a decline in refined products or natural gas demand, and rising costs associated with organic growth projects.

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