MPLX - MPLX: The 8.3% Yielding Cash Machine You Shouldn't Ignore
2024-06-11 07:30:00 ET
Summary
- MPLX LP, a standout in the midstream sector, offers a compelling blend of income and growth with an 8.3% yield.
- Strategic investments in natural gas infrastructure position MPLX for future profitability and expansion.
- MPLX presents a solid investment opportunity for those seeking steady returns.
Introduction
OPEC has turned into a party-pooper, throwing a wrench in the bullish oil price thesis, at least for the time being.
As some may have noticed, earlier this month, OEPC+ announced gradual production increases after somewhat aggressive production cuts in the past were used to protect oil prices.
MPLX: The 8.3% Yielding Cash Machine You Shouldn't IgnoreThe accord prolongs roughly 2 million barrels a day of cuts , which have played a key role in supporting crude prices above $80 a barrel this year but were set to expire at the end of June . The curbs will continue in full in the third quarter then be gradually phased out over the following 12 months , according to a statement from the Saudi Energy Ministry. - Bloomberg (emphasis added)