NEW YORK (TheStreet) - Oil stocks tumbled on Friday following the Organization of Petroleum Exporting Countries' decision not to cut oil production despite indications of global oversupply.
OPEC said at a meeting on Thursday that it would maintain current levels of 30 million barrels a day "in the interest of restoring market equilibrium," a statement from the group read.
Here's what analysts said about the OPEC news.
JPMorgan Energy Team (Nov. 26 note including Kinder Morgan)
We highlight KMI shares as an attractive destination in times of volatility given Kinder's impressive record of growth throughout market cycles, a testament to KMI's industry-leading management, in our view. As the third-largest US energy company, we believe KMI's scale, diversification and leverage to the significant energy infrastructure build-out surrounding unconventional production makes Kinder a core holding.