- Brooge Energy is building an oil storage complex in the Fujairah port at the strategic chokepoint of the Strait of Hormuz - arguably the best location in the world.
- Phase I gave us a glimpse of the great economics. Phase II, just inaugurated, fully contracted, and increasing capacity by 50%, will show up on the next financial report.
- Phase III, anticipated in 2023, will increase the capacity by some 350%, making Brooge the largest independent oil storage facility in Fujairah.
- I believe Brooge is the most compelling midstream story today, worth serious consideration by intelligent investors in search for either capital appreciation or future high-yield dividends.
For further details see:
Brooge Energy, A Tollbooth At The Hormuz Chokepoint: A Midstream Stock You Do Not Want To Miss