“Blind luck” is how Jack Johns characterized his 16 percent profit on something he read about on the Internet called Master Limited Partnerships. Johns, a retired postal worker from Rincon, Georgia, said he sold his MLP investments within a year because he realized he didn’t really know what he’d bought.
Kinder Morgan Inc., which this year will become the largest U.S. pipeline company after its $20.7 billion purchase of El Paso Corp., aims to extend its lead over competitors in transporting oil across Canada for export to higher-paying markets in Asia.
Kinder Morgan Inc. may proceed to a shareholder vote on a $21.1 billion takeover of El Paso Corp. after a judge rejected claims that Goldman Sachs Group Inc.’s conflict of interest warranted blocking the deal.
Terrance McGill ’s heart raced one morning in 1990 when Richard Kinder , then his boss at Enron Corp ., rang his phone wanting to know why natural-gas shipments on the company’s Texas-to-California pipeline had plunged 76 percent.