Good Morning.
We continue with the Kinder Morgan (KMI) story as pre-open bids and asks have arrived. The stock is bidding 97 and offered at 98.94...no trades yet. Kinder Morgan Partners (KMP) showing bid 43.50 ask 50.40. CNBC guys opining that the 100 dollar bid is perhaps a disappointment to those who have held this stock and have seen returns of nearly 40% per year since 1999. We'll see if the market takes this over the bid price and if the buying spreads to other pipelines. We now actually have a trade in kinder at 99 up nearly 15 points and it is now bidding at 99.01.

No other news but it is early and no upgrades or downgrades so far.