Over the last several months, there have been many questions asked about the likely direction of energy-related stocks.
The fundamentals in the Crude Oil market are difficult to forecast and the political climate, domestically, may impact the future revenue of electricity markets.
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However, from a technical perspective, both ORG and WPL look like they may be setting up for a move higher.
We currently see reasonable upside targets at $30.75 in WPL and $8.00 in ORG.
Woodside Petroleum
Origin Energy
