Oil Prices - Crystal Ball? OIl prices will have the biggest factor on KEI's direction, and will follow the group.
Oil - BNN Bloomberg The oil sector has been flat or down the last quarter and/or year. That said, almost all sector stocks have been down this year, apart from some that form a smaller percentage which have trended up. Historically, October is the worst month for stocks and November normally shows advancement. However, not the case this year yet. Usually good time for picking away at beat up good quality stocks.
KEI is a 2024 or 2025 story but all dependant on economy and oil prices advancing in price. Still holding and cautiously optimistic. If oil trends above $80 expect KEI to start doing well. I did like the QTR report released recently.
On a side note, no one can predict the future accurately but one can take educated or logical analysis for best trend going forward.