The currently running stock market correction has been especially
hard on stocks in the energy sector. The falling price of crude oil has
led the drop, reducing expectations for future profit levels in the
energy sector and driving stock prices down.
However, the large and inclusive decline of almost all energy related
stocks, including one group with revenues that are not closely linked
to the price of crude, has presented some tremendous buying
opportunities to get stocks paying high yields. One of them is energy
midstream infrastructure companies. These companies do not earn revenue
based on the price of crude oil, and therefore are protected from the
pains of $80 a barrel oil. These three stocks have been hit just as hard
as the rest, and are now trading at attractive multiples and all have
yields higher than 6%. (more)
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