April 15, 2021 EnergyNow Media
Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 27 energy and energy service companies with regular updates (this will be going up to 32 companies covered when we introduce research coverage of five Pipeline & Infrastructure companies next week). We hold quarterly subscriber webinars (next one May 13th) and provide Action BUY and SELL Alerts for paid subscribers.
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EIA Weekly Data: The EIA data on Wednesday April 14th was mixed. On the positive side US commercial inventories fell by 5.9Mb (expectation decline of 2.9Mb) as strong demand lifted total consumption last week by 1.09Mb/d to 20.3Mb/d. Year-to-date, total product supplied is up 0.2% from 19.39Mb/d to 19.42Mb/d. Imports fell 411K/d or by 2.9Mb on the week and impacted the inventory level (ef
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With interest rates being low, it’s wise to switch to dividend-paying stocks offering high yields. Notably, a few TSX stocks are offering yields above 6%. Further, these Canadian companies have paid dividends for about 20 years and generate strong cash flows, suggesting that their payouts are safe and sustainable in the long run.
Enbridge
Enbridge(TSX:ENB)(NYSE:ENB) offers an annual yield of over 7.5%, implying a $10,000 investment in its stock at the current price levels will generate an income of $751/year, or $62.6/month. It has paid dividends in the last 66 years and increased the same at a CAGR (compound annual growth rate) of 10% in the last 26 years.