The higher rig counts go….the more oil and gas there is to ship….the more will flow through pipelines…..this is all good for $KMI, $WMB. We were buying both just a rig counts bottomed and their results from those actions one would assume were t their lowest. Do not be surprised to see Q4 expectations for both increased….
Here is a 6month and 1 year chart:
US Rig Count data by YCharts
1year:
US Rig Count data by YCharts