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Much to investors’ surprise, U.S. equity markets have smashed through resistance en route to new all-time highs. Recent developments just go to prove that you don’t want to buck the trend, and you don’t want to fight the Fed.
Crude oil is pulling back slightly, but it’s anticipated that energy companies are building a base from which a more potent move higher will materialize.
In a similar vein, Kinder Morgan has recently done a full review of its portfolio and is currently in the process of purging weaker natural gas pipelines and projects to focus on those that will provide higher return on invested capital for the company’s shareholders. It’s a shift that could pay big dividends down the road.
Buy to open the Kinder Morgan (KMI) Sep 21 Calls (KMI160916C00021000).
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