ENFR - These 3 High-Yield Midstream Stocks Are Set to Soar in the Second Half of 2024 and Beyond
2024-07-01 06:47:00 ET
Pipeline and midstream energy stocks have had a strong start to 2024. This can been seen in the performance of major sector exchange-traded funds (ETFs) such as the Alerian Energy Infrastructure ETF (NYSEMKT: ENFR) , up about 18% year to date, and the Alerian MLP ETF (NYSEMKT: AMLP) , up nearly 17%. The latter only includes the stocks of midstream companies structured as master limited partnerships (MLPs) , while the former includes midstream companies structured as both MLPs and corporations.
While the first half of the year has been a good one for the sector, there is strong reason to believe a number of stocks in the space could be set to outperform in the second half and beyond.
Lets look at three midstream stocks set to outperform the rest of this year and into the future.
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These 3 High-Yield Midstream Stocks Are Set to Soar in the Second Half of 2024 and Beyond