EPD - 2 High-Yield Midstream Stocks to Buy Hand Over Fist in January
2024-01-05 05:12:00 ET
If you are looking for a big yield in the energy space, you should hone in on the midstream sector. Two of the largest, most reliable companies in the midstream business are Enterprise Products Partners (NYSE: EPD) and Enbridge (NYSE: ENB) . And both have yields in excess of 7% today. Here's a quick primer on what you need to know.
Before getting into a discussion of Enterprise and Enbridge, it is important to address the elephant in the room -- the clean energy transition. It is completely reasonable for investors to be concerned that renewable power will displace oil and natural gas and leave midstream companies with worthless stranded assets. That may happen someday, but it's not likely to happen anytime soon.
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2 High-Yield Midstream Stocks to Buy Hand Over Fist in January