12-06-2015, 05:51 PM
I sold out of KMI about a month ago--took a loss (but nothing like if I had waited). Based on when I bought-in, loss to divorce, etc. I was averaging about 5.5% on my investment. I sold and have a limit-order on EPD when it hits mid 22. I believe EPD is in a better position to ride out the current energy troubles, and the switch increases my income in the process--win-win for me. I can always buy back into KMI in a year or two--and lower than my initial cost.
Indeed there is greater upside potential in KMI, but even if I buy back in at $25, I'm money ahead of where I was before.
Ronn
Indeed there is greater upside potential in KMI, but even if I buy back in at $25, I'm money ahead of where I was before.
Ronn