Few days ago KMI moved out of consolidation zone on higher volume. Weak structure above and price discovery mode almost guarantee (I don't usually say that :) ) growth up to $24 and higher ($32).
Today KMI will have earnings announcement after market close, so I am going to use possible wide price swings to buy some shares.
This is one of the Buffett' companies...
The fact is you could produce Petroleum Distillates all day long, But if you fail to see the current system draining the profits then we are missing the point. My 2 cents.
Not much to say here. Consolidation before the start of uptrend (hopefully !!!). A break below the lower trendline means change in the direction - downtrend will resume. But chances of further downside are small.
Warren Buffett keeps adding to his bets on the oil industry
Berkshire owned about 26.53 million Kinder Morgan shares worth roughly $395.9 million at year end, according to a U.S. Securities and Exchange Commission filing detailing its U.S.-listed stock investments.
Kinder Morgan is a company headquartered in downtown Houston, Texas. It is the largest...
I believe it's undervalued. I've studied its 10Ks and 10Qs along with its audio conferences and so on. Lots of study. I believe its next level (soon to be tested) is $19, followed by $22 and so on as it attempts to fill the gaps. It's difficult for me to imagine a more solid, better company or better investment out there at anywhere near this price level. Because...
Traders
An opportunity to go long into an equity with signs of legitimate bullish demand.
This demand could take us out of the lows here, and we could see new highs, after a long term extension target has been hit bang on recently. Since we've seen the extension target hit, we have seen signs of legitimate bullish demand, which we can use with the hidden bullish...
After a horrible 6 months or so for energy related stocks KMI finally cut their unsustainable dividend by %75 causing the stock to crash (www.fool.com) .While a short term bottom was found around $15 the chart is now making a nice bear flag. It looks to me like a dead cat bounce. With no real support insight and the energy sector continuing to be lack-luster I...
