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Fundamental data is updated weekly, as of the prior weekend. Please download the Full Report and Dividend Report for any changes.
Latest Valuentum Commentary

Jul 30, 2015
Kinder Morgan’s Shares Still Not Cheap, Dividend Financially-Engineered
The release of the firm’s second quarter 10-Q reveals a continued free-cash-flow shortfall.
Jul 21, 2015
Higher Maintenance Costs for Pipelines?
Plains All American Pipeline has garnered national attention with two pipeline spills in the past two months. Let’s take a look at the reasons behind Plains All American Pipeline’s infrastructure problems.
Jul 20, 2015
Dividend Increases/Decreases for the Week Ending July 17
Let's take a look at companies raising/lowering their dividends this week.
Jul 16, 2015
Kinder Morgan Continues Down Unsustainable Path
"The second quarter showed that fundamental performance is weakening, leverage is increasing, and that energy price uncertainty has heightened--yet Kinder Morgan’s management team continues to raise the dividend, a 14% year-over-year increase in the last period. Something is coming to a head, and we don’t think it will end well for equity holders. We expect an additional 20% downside from here." -- Valuentum
Jul 14, 2015
Jul 10, 2015
Creditor Risk Aversion Rises Considerably in Energy, Metals & Mining Sectors
In a recent Moody’s ‘Capital Markets Research’ report, according to a tabulation performed by Credit Suisse, bond spreads have widened an incredible 385 basis points for high-yield metals/minerals companies and 367 basis points for energy companies in the one-year period ending July 8, 2015. We continue to underweight these sectors within the newsletter portfolios. Creditor risk aversion continues to swell in these two sectors, and the worst has yet to come, in our view.
Jun 30, 2015
Kinder Morgan's Fair Value: $29 Per Share
We are publicly disclosing our fair value estimate of Kinder Morgan.
Jun 27, 2015
Dear member,
The past few weeks have been exciting, to say the least...
Jun 18, 2015
5 More Reasons Why We Think Kinder Morgan’s Shares Will Collapse
“...the credit rating agencies have a lot to think about. Kinder Morgan’s investment-grade credit rating is in part supported by the firm’s ability to access the equity markets to sell its own stock. But its share price is artificially propped up by the incorrect application of dividend discount models that are using financially-engineered dividends, which themselves are in part supported by the debt raised from an investment-grade credit rating, which is then used to keep raising debt and growing the dividend…and so on."
Jun 13, 2015
Friday Evening News
Let’s wind down with a quick wrap up of some key events and news releases from the week.


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The High Yield Dividend Newsletter, Best Ideas Newsletter, Dividend Growth Newsletter, Nelson Exclusive publication, and any reports, articles and content found on this website are for information purposes only and should not be considered a solicitation to buy or sell any security. The sources of the data used on this website are believed by Valuentum to be reliable, but the data’s accuracy, completeness or interpretation cannot be guaranteed. Valuentum is not responsible for any errors or omissions or for results obtained from the use of its newsletters, reports, commentary, or publications and accepts no liability for how readers may choose to utilize the content. Valuentum is not a money manager, is not a registered investment advisor and does not offer brokerage or investment banking services. Valuentum, its employees, and affiliates may have long, short or derivative positions in the stock or stocks mentioned on this site.