5 Fossil Fuel Stocks to Invest In for Future

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In this article, we discuss 5 fossil fuel stocks to invest in for the future. If you want to see more stocks in this list and a detailed overview of Aramco’s latest warning, check out “Chain of Sandcastles”: Aramco’s Reality Check and 10 Fossil Fuel Stocks to Invest In for Future

5. Kinder Morgan, Inc. (NYSE:KMI)

Number of Hedge Fund Holders: 41

Kinder Morgan, Inc. (NYSE:KMI) is a Texas-based energy infrastructure company, operating through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. Kinder Morgan, Inc. (NYSE:KMI) announced on August 11 that it acquired North American Natural Resources and its seven landfill gas-to-power facilities in Michigan and Kentucky for $135 million. The facilities are likely to be in service by early 2024, and they can potentially generate approximately 2 billion cf/year of RNG. Kinder Morgan, Inc. (NYSE:KMI) is one of the fossil fuel stocks to buy for the future. 

Goldman Sachs analyst Michael Lapides on September 7 upgraded Kinder Morgan, Inc. (NYSE:KMI) to Neutral from Sell with a $19 price target. The analyst noted the upgrade was due to a mix of valuation, likely consensus EBITDA upside, and positive catalysts. He believes Kinder Morgan, Inc. (NYSE:KMI) is well positioned to take advantage from incremental natural gas pipeline growth and sees upside for its CO2 segment.

William B. Gray’s Orbis Investment Management is the largest position holder in Kinder Morgan, Inc. (NYSE:KMI), with 21.6 million shares worth $363.2 million. Overall, 41 hedge funds were bullish on Kinder Morgan, Inc. (NYSE:KMI) at the end of June 2022, compared to 40 funds in the last quarter. 

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