KMR versus KMP

[hendi_alex]

This price disconnect, over $5 per share difference makes no sense. The two issues pay exactly the same, except holding KMR is more akin to holding shares that are in mandatory drip. I bet some of the KMP holders actually participate in the dividend re-investment program. I've read in a couple of places that insiders routinely buy more shares of KMR than KMP. This is at least in part because the KMR shares often trade at a discount therefore represent the better value.

Here is another good article that discusses the merit of KMR over KMP.

http://blog.wenxuecity.com/blogarticle.p...ostID=1805