According to the Energy Information Administration (EIA), global per-barrel oil prices will fall below $100 by the end of 2014. Additionally, the US oil imports will reduce to half of the mid-2000 level. This decline in imports is an indicator to the upsurge in the domestic oil production. The US per-day oil production in 2014, could reach its highest level in the past two-and-a-half decades. This gives a good growth opportunity for the domestic drillers as well as to the income investors who are always on the hunt of good dividend paying stocks.
In this article, I have discussed three oil-drillers that will be benefited by this boom in oil production. Let's find out which of these stocks holds the potential to derive returns for its shareholders in the long run: Transocean LTD (NYSE:RIG), ENSCO PLC (NYSE:ESV) and Nabors Industries Ltd. (NYSE:NBR). Commitment of all the three stocks towards rewarding their investors through quarterly dividends is obvious.
Source: Insider Monkey
Related Articles:
- 5 Basic Materials Stocks With Growing 3%+ Dividends
- What To Do When A Stock Fails To Raise Its Dividend
- A Diversified Approach To International Dividends
- 9 High-Yield Dividend Achievers With 25 Years of Increases
- 7 Dividend Stocks For A Confident And Secure Future
Dividend Growth Stocks News
Dividend Stocks You Should Buy
Posted by D4L | Thursday, April 11, 2013 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.