Enterprise Products Partners LP, the biggest U.S. pipeline operator by market value, said first- quarter profit rose 6 percent as a frigid winter and surging energy supplies boosted demand for transporting fuel.
“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.