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StockCallers releases technical oil and gas reports

Published by
World Pipelines,


StockCallers’ ‘Global Oil and Gas Pipelines Industry Outlook to 2020 - Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Pipelines’ report is available on MarketIntelReports.

The document predicts that the Asia/Pacific market will continue to play a key role during the forecast period, and that the oil and gas pipelines market will perform strongly until 2020. It focuses on Cheniere Energy Inc., Enbridge Inc., Targa Resources Corp., and ONEOK Partners L.P. stocks.

Cheniere Energy

Cheniere Energy Inc.'s stock finished Tuesday's session 0.84% higher at US$45.58 with a total trading volume of 1.45 million shares. The company's shares have advanced 9.70% over the past three months and 10.02% on an YTD basis. The stock is trading above its 200 day moving average by 8.04%. Furthermore, Cheniere Energy’s shares have a relative strength index (RSI) of 47.51.

On 17 March, Cheniere Energy announced that Midship Pipeline Company, LLC – one of its wholly owned subsidiaries – has signed precedent agreements with foundation shippers to support the construction of a 200 mile, 36 in. interstate natural gas pipeline project, the Midship project. A binding open season has been launched to solicit additional long term commitments from shippers. The open season is expected to end at 3pm (CT) today, 30 March.

Enbridge

Shares in Enbridge Inc. ended at US$41.64, up 1.04% from the last trading session. The stock recorded a trading volume of 3.44 million shares and the shares have gained 0.12% in the last month. The stock is trading 0.13% above its 200 day moving average. Moreover, shares of Enbridge have an RSI of 52.26.

Targa Resources

Targa Resources Corp.'s stock ended yesterday's session 0.83% higher, at US$57.32 with a total trading volume of 1.68 million shares. The company's shares have advanced 2.52% in the past month, 0.32% over the previous three months and 3.84% on an YTD basis. The stock is trading 18.11% above its 200 day moving average. Additionally, shares of Targa Resources, which provides midstream natural gas and natural gas liquid services in the US, have an RSI of 52.78.

ONEOK

Shares in ONEOK Partners L.P. recorded a trading volume of 599 372 shares. The stock finished 0.04% lower at US$51.73. Its shares have advanced 13.36% in the past three months and 22.45% since the start of this year. The stock is trading above both its 50 and 200 day moving averages by 2.61% and 22.87%, respectively. Furthermore, shares of ONEOK Partners, which engages in the gathering, processing, storage, and transportation of natural gas in the US, have an RSI of 53.63.

Read the article online at: https://www.worldpipelines.com/business-news/30032017/stockcallers-releases-technical-oil-and-gas-reports/


 

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This article has been tagged under the following:

US pipeline news Crude oil pipeline news Natural gas pipeline news