OKE - Where Is Oil Going? You Won't Care if You Own These 3 Energy Stocks.
2024-05-20 06:31:00 ET
Oil prices are notoriously volatile. Over the past year, they have gone from a peak above $90 a barrel to a low point in the $60s. That volatility can have a significant impact on the earnings produced by oil companies.
However, some oil stocks are much less susceptible to the ebbs and flows of crude prices. Midstream giants Enterprise Products Partners (NYSE: EPD) , Oneok (NYSE: OKE) , and Enbridge (NYSE: ENB) stand out to a few Fool.com contributors for the overall stability of their earnings, since they don't have much direct commodity price exposure. You won't care too much about oil prices if you own these pipeline stocks.
Reuben Gregg Brewer (Enterprise Products Partners): Oil and natural gas prices rise and fall dramatically over time. But demand for these fuels, which are vital to the global energy system, tends to remain fairly robust regardless of energy prices. After all, people still need power even when economic activity is weak. That's why master limited partnership (MLP) Enterprise Products Partners is such a reliable income investment.
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Where Is Oil Going? You Won't Care if You Own These 3 Energy Stocks.