Saturday, November 3, 2012

Recent Purchase: KMI

I've had some capital sitting around in my brokerage account for some limit orders that I had set out a few weeks ago.  I put one limit order on KMI at $34.  I thought maybe I was being greedy at that price as the stock was about $35 a share for most of October I think.  I almost just pulled the trigger and bought around $34.50 or 34.30 but I was stubborn and just let the order sit.

Yesterday the stock just touched $34 dollars and my order triggered for 29 shares.  KMI ended the day down at $34.11 but still up from when I bought it.  Unfortunately I missed the ex-dividend date so I won't see any money out of KMI until 2013 but I think that's a fare trade off for the price I paid.

This adds the first oil/energy company that I have in my portfolio.

3 comments:

  1. Nice purchase. I've been watching KMI and I think it looks attractive at today's prices especially considering the dividend growth they are projecting.

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    Replies
    1. Thanks for the comment austinbroker!

      KMI seems like a great solid company and your right the dividend growth projection is nice.

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  2. Great buy and at a great price too! I was also contemplating adding some more KMI recently. I went with an upstream company instead this time, and got some LNCO. I hope I'll still have a chance to get KMI for cheap next time around.

    Cheers!

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Thanks so much for leaving a comment. I'll leave a reply soon.