Kinder Morgan (NYSE:KMI) operates the most pipelines and private terminals of any company in North America, and its combined assets make it the fourth-largest energy company. And the growth in oil and natural gas production that North America will undergo during the next several decades makes it a compelling investment. But where to invest?
Besides the parent company, there are MLPs Kinder Morgan Energy Partners (NYSE:KMP) and El Paso Pipeline Partners (NYSE:EPB), in addition to Kinder Morgan Management LLC (NYSE:KMR). And depending on what kind of account you're investing in, and whether you're looking for income or growth, the choice that's right for one investor could be wrong for you.
In the short video below, Foolish Contributor Jason Hall gives a rundown of all four of these Kinder Morgan companies, with some insight to help investors understand the implications of choosing one over the other.
Author's note: It's a good idea to consult with a tax professional to make sure you understand how MLPs would affect your specific situation.
Do you know this energy tax "loophole"?
You already know record oil and natural gas production is changing the lives of millions of Americans. But what you probably haven't heard is that the IRS is encouraging investors to support our growing energy renaissance, offering you a tax loophole to invest in some of America's greatest energy companies. Take advantage of this profitable opportunity by grabbing your brand-new special report, "The IRS Is Daring You to Make This Investment Now!," and you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.
Jason Hall has no position in any stocks mentioned. The Motley Fool recommends El Paso Pipeline Partners and Kinder Morgan. The Motley Fool owns shares of Kinder Morgan. Try any of our Foolish newsletter services free for 30 days. 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.