Better Buy: Brookfield Infrastructure vs. Kinder Morgan
The global oil industry is in crisis as demand for refined products has plummeted under stay-at-home orders. Those same orders, enacted by governments to slow the spread of COVID-19, have also affected commercial and industrial activity, reducing the demand for electricity and other utility services.
As a result of concerns over the depth of the oil and gas market collapse, investors have run from Kinder Morgan (NYSE: KMI), sending shares of the oil and gas logistics giant down 34% from their high this year.
At the same time, global infrastructure giant Brookfield Infrastructure (NYSE: BIP)(NYSE: BIPC) units are down 23%, joining many other utility-like businesses that have seen investors sell from fears that demand for their services would fall.
Source Fool.com
