Author Bio
Rekha Khandelwal, CFA, is a long-term investor with a special focus on energy stocks. Rekha holds a master s in finance and has worked as a financial consultant. When she isn t writing, she can be found traveling to a new city or country.
Oil stocks have rallied significantly this year on the back of strong oil prices. The West Texas Intermediate crude oil price is up roughly 28% while the
S&P 500
ExxonMobil s stock is up 44% while
BP and
Chevron stocks are each up around 26% year to date.
While the rally in oil stocks is welcome news for energy investors, it s important to remember that many oil stocks have already rallied from their lows last year. Moreover, as always, these stocks could be volatile and may fall again if oil prices fall. So it would be a better idea to invest in stocks that can do well irrespective of oil prices. Though
It may be too early to call the oil and gas businesses of Enterprise Products Partners (EPD) legacy businesses, but that day could be coming. The prospects for midstream investors are potentially unnerving, and we think the better management teams are laying the groundwork for future growth that fully incorporates the rise of renewables and the ongoing energy transition. While Enterprise remains on the offense with its oil and gas efforts, we think its petrochemical business offers some of the best near- to medium-term growth prospects as the partnership plans to expand the gross operating margin for the business to $1.3 billion in 2024 from an estimated $764 million in 2020. We think this growth opportunity is unique in our U.S. midstream coverage, as no other company has petrochemical investments. This growth doesn’t come without risks, as there are ample environmental, social, and governance considerations that Enterprise must manage better, in our view, but we think the upside
Salient Midstream & MLP Fund Announces Second Quarter 2021 Dividend Of $0 060 Per Share And Net Asset Value As Of April 30, 2021 yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Anyone trying to keep track of where the markets might be heading, could be forgiven for displaying signs of dizziness. The markets are being violently