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
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Kinder Morgan Makes a Huge Acquisition
By Joel South and Taylor Muckerman
–
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.
Stocks Mentioned
Copano Energy, L.L.C.
CPNO
Kinder Morgan
KMI
$28.41
(-0.32%)
$0.09
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Related Articles
Kinder Morgan Energy Partners to Swallow Copano
Copano Energy Declares Q1 Dividend
Kinder Morgan Energy Partners to Buy Copano Energy in $5 Billion Deal
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.