3 Dividend Stocks That Don't Care Whether Oil Is $70 or $100
Key PointsOil is a notoriously volatile commodity.
The energy sector is essential for the modern world, but it comes with high volatility. Amidst this unpredictability, a niche area known as Midstream remains resilient. This article explores three energy stocks that provide stable yields, regardless of oil prices.
Enterprise Products Partners (NYSE: EPD), Enbridge (NYSE: ENB), and Energy Transfer (NYSE: ET) are three Midstream-focused companies that can reliably generate yields of up to 6.7%. As of now, oil prices are above $100 per barrel, demonstrating the sector's volatility. However, history has shown that such fluctuations are not uncommon.
While high oil prices can impact the economy, with gas prices reflecting the cost of filling up vehicles, these Midstream stocks offer stability. Their performance remains consistent, irrespective of oil price movements. By focusing on the transportation, storage, and processing of energy products, these companies mitigate the impact of oil price volatility, providing investors with a steady income stream.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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