Kinder Morgan reportedly acquires oil and gas assets in West Texas and plans to use carbon capture incentives to increase output. Stock exposure via MDST and TPYP.
Companies Reporting Before The Bell
• ASML Holding (NASDAQ:ASML) is projected to report quarterly earnings at $3.43 per share on revenue of $6.13 billion.
Sharp increase in oil prices has led to outperformance of energy stocks, with WTI rising 20% this year. EIA forecasts $90/bbl in Q2 2024 and $3.60/gal in retail gasoline prices by 2024. 3 energy firms in top 10 S&P 500 performers YTD and many more set to report earnings in April 2024.