The need for even deeper cuts to the U.S. rig count and the inevitable top-line impact to energy producers will mean more pain for energy sector stocks like Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX), both of which saw their shares drop out of multi-month trading ranges this week to return to levels last seen in 2013, as well as overall corporate earnings growth and business investment.
That puts five dividend-focused energy stocks — domiciled outside the United States, and thus doubly threatened by the strengthening of the dollar — at great risk. Here are five energy dividend stocks to avoid: Eni SpA (ADR) (E), Total SA (ADR) (TOT), BP plc (ADR) (BP), Royal Dutch Shell plc (ADR) (RDS.A) and Statoil ASA (ADR) (STO).
Source: InvestorPlace
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5 Energy Dividend Stocks to Avoid
Posted by D4L | Tuesday, April 14, 2015 | ArticleLinks | 0 comments »________________________________________________________________
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