Kinder Morgan (NYSE: KMI ) made big news during its recent earnings call when it announced the $3 billion acquisition of the Bakken midstream MLP Hiland Partners. This is in line with management’s stated goals of increased growth through acquisitions courtesy of Kinder’s $55 billion in tax breaks it will receive thanks to its recent merger with its MLPs.
With Kinder Morgan now clearly on the acquisition prowl, I’d like to point out one of my favorite midstream MLPs, one that analysts believe may be next up on the merger hit list.
The biggest reason Kinder Morgan might buy MarkWest Energy Partners
According to Jason Stevens at Morningstar, MarkWest Energy Partners (NYSE: MWE ) might make a mouth-watering acquisition target.