Kinder Morgan Energy Partners (NYSE: KMP) has agreed to a $5 billion deal to buy Copano Energy (CPNO), in addition to assuming Copano's debt in a complete unit for unit swap. This is a nice bolt-on addition, giving Kinder Morgan some very valuable additional assets, including 6,900 miles of pipeline, nine natural gas processing plants, and one fractionation facility. In this video, Motley Fool energy analyst Joel South tells investors what this means for Copano shareholders, and why these assets would fit nicely into the Kinder Morgan family.
Free Article
Kinder Morgan Makes a Huge Acquisition
By Joel South and Taylor Muckerman
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Jan 31, 2013 at 3:45PM
NYSE: CPNO
Copano Energy, L.L.C.
Kinder Morgan's diversification play.
Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Kinder Morgan. The Motley Fool owns shares of Kinder Morgan. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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