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Fly News Breaks for December 9, 2015
WPZ, SUN, EPD, APU, KMI
Dec 9, 2015 | 07:18 EDT
Jefferies analyst Christopher Sighinolfi says the 75% dividend cut announced last night by Kinder Morgan (KMI) may create buying opportunities for "high-quality cash flow stories at discounted valuations." His top Master Limited Partnership picks are AmeriGas (APU), Enterprise Products (EPD), Sunoco (SUN) and Williams Partners (WPZ). The analyst applauds Kinder's strategy since it prevents the need for capital funding through 2018. However, he expects the initial market reaction to be negative since the magnitude of the cut is greater than many had contemplated. Sighinolfi keeps a Hold rating on Kinder Morgan.
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