OKE - Want Stability? These 3 Energy Stocks Are as Safe as They Come
Earnings of oil and gas stocks tend to be unstable thanks to the volatility in oil prices. But there are companies in the energy sector that generate relatively stable income, regardless of oil prices. Companies operating in the midstream segment -- providing infrastructure such as pipelines and storage terminals -- are generally more insulated from the vagaries of commodity prices than oil and gas producers .
Here are three such companies that have a solid track record of generating stable cash flows and look well placed to continue doing so in the years to come.
Enbridge (NYSE: ENB) , Enterprise Products Partners (NYSE: EPD) , and ONEOK (NYSE: OKE) have been growing their cash flows steadily over more than two decades.
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Want Stability? These 3 Energy Stocks Are as Safe as They Come