StockCall.com Provides Stock Research on Spectra Energy Corp., Kinder Morgan Inc., Plains All American Pipeline L.P., and Energy Transfer Equity L.P.
New York City, New York -- (June 13, 2013)
The significant increase in oil and gas production in the U.S. has created need for more pipelines. The increase in oil and gas production in the U.S. is being driven by the shale boom. Already, the U.S. is importing less oil, and according to the International Energy Agency (IEA), the U.S. will overtake Saudi Arabia as the world’s largest producer of oil in the next few years. This will create need for more pipelines for oil to be transported. Going forward, there are significant opportunities for pipeline operators. On Wednesday, June 12, 2013, shares in oil and gas pipeline companies ended mostly lower, tracking losses in the broader market. The major movers in the sector included Spectra Energy Corp. (NYSE: SE), Kinder Morgan Inc. (NYSE: KMI), Plains All American Pipeline L.P. (NYSE: PAA), and Energy Transfer Equity L.P. (NYSE: ETE).StockCall has taken an interest in these companies and you can now sign up to download the free technical research on SE, KMI, PAA, and ETE at
www.stockcall.com/registration
Shares in Spectra Energy Corp. surged on Wednesday even as the broader market struggled. The company’s shares hit a 52-week high of $33.96 before finishing the day 11.08% higher at $33.68. A total of 19.68 million shares were traded which is well above the daily average volume of 3.22 million. Shares of SE moved above their 50-day moving average as a result of Tuesday’s rally. So far this year, the stock has now gained over 25.50%, thus outperforming the S&P 500. Sign up today to read the free research report on SE at
www.StockCall.com/SE061313.pdf
Kinder Morgan Inc.’s stock fell sharply yesterday. The stock traded between $37.43 and $38.59 before ending the session 1.47% lower at $37.63 on a volume turnover of 3.82 million shares. Volume for the day was above the daily average volume of 3.06 million. The stock has now fallen over 4.80% in the last three sessions. However, despite the recent losses, the stock is still up 8.60% so far in 2013. The company’s shares are currently trading 9.30% below their 52-week high. Register to download the free technical analysis on KMI at
www.StockCall.com/KMI061313.pdf
Shares in Plains All American Pipeline L.P. ended slightly higher on Wednesday, reversing some of its losses from previous trading sessions. The company’s shares hit an intraday high of $55.36 before finishing the day 0.13% higher at $54.88. A total of 796,648 shares were exchanged which is below the daily average volume of 1.07 million. Shares of PAA have now fallen nearly 1.90% in the last three market sessions. Since the start of this year, the stock has gained 23.85%, hence outperforming the S&P 500. The stock is currently trading below its 50-day moving average. Free report on PAA can be accessed by registering at
www.StockCall.com/PAA061313.pdf
Energy Transfer Equity L.P.’s stock moved higher in its most recent session on Wednesday. The stock ended the session at $57.97, or up 0.56% from previous closing price. The company’s shares traded between $57.76 and $59.07 yesterday. A total of 579,735 shares were traded which is well below the daily average volume of 1.01 million. Shares of ETE are currently trading 7.25% below their 52-week high. From the start of 2013, the stock has grown 30.50%, hence outperforming the S&P 500.Register withStockCall and download the research on ETE for free at
www.StockCall.com/ETE061313.pdf
About StockCall.com
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at
Contact Person:
William T. Knight
Email: [email protected]
Contact Number: (646) 396-9857 (9:00 am EST – 01:30 pm EST)