Thursday, 18 August 2016

CHK, KMI - strong day for energy

With oil climbing for a sixth consecutive day, there was particular strength in the energy sector. Chesapeake Energy (CHK) and Kinder Morgan (KMI), saw rather powerful gains of 9.1% and 4.4% respectively. Near/mid term outlook remains bullish, as oil looks set to re-take the psy' level of $50.

CHK, daily

KMI, daily


Suffice to add... both stocks are naturally powering upward as oil prices continue to recover from the recent low of the $39s.

CHK looks set for the $7s... whilst KMI looks on track for the $23s in the near term... with a grander target of 25/26 by year.

*KMI is by definition an infinitely more financially stable and superior stock - relative to CHK.