Guinness Global Energy Fund on Kinder Morgan Inc.
Thesis
Kinder Morgan is one of the fund's four highlighted North American midstream holdings and trades under ticker KMI. ([Kinder Morgan][3]) The managers expect hydrocarbon demand in the US and Canada to grow over the next five years, particularly demand for natural gas. They believe this creates a supportive environment for Kinder Morgan to execute pipeline and energy-infrastructure expansion plans. The fund also expects higher LNG exports to be an important source of incremental US gas demand, supporting the need for additional infrastructure.
“we believe each company is well placed to execute its pipeline and energy infrastructure expansion plans.”
Key risks
- Energy-sector concentration and volatility
- Market and currency movements