Dan Dicker, Energy contributor at thestreet, talks with Jim Cramer about the dive of Kinder Morgan Inc, a pipeline company. All of the pipeline companies have been in a freefall of late, with the combine threats of a Federal Reserve rate hike and the prospect of lower volumes from reduced production in 2016. For Kinder Morgan, their buyout of Natural Gas Pipeline Company of America (NGPL) brought a rash of downgrades, including one from Moody’s, which clearly set the stock spinning much lower this morning. But Dicker believes that Rich Kinder remains the lone seer of energy and continues to have confidence in his ability. The current price of KMI stocks pushes the dividend to close to 10%, higher than it has even been in the past and sustainable, according to Dicker. He recommends the shares at $21.
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