Energy companies have not been the greatest investments over the last several years. Plunging price realizations have hurt oil companies' upstream results across the board. Levered upstream companies in the U.S. shale oil and gas patch have been hurt particularly badly. This company's shares have risen ~14 percent year-to-date. Stabilizing energy prices should support its upstream results moving forward. I continue to see more upside. An investment yields ~7 percent.
Integrated oil companies like BP (NYSE:BP), ExxonMobil (NYSE:XOM), or Chevron Corp. (NYSE:CVX) have done much better than oil companies that have been more heavily exposed to the upstream sector - think ConocoPhillips (NYSE:COP) -, but they have nonetheless been terrible investments as well. However, big oil companies have started to rebound in 2016, and quite significantly, too. Take a look at BP, for instance, whose shares have risen ~14 percent since January. BP is by far not the only company that has seen an uptick in investor interest after oil prices bottomed out in the 1st quarter of this year. Most big oil companies have profited from a rebound in investor optimism that went hand in hand with stabilizing crude oil prices. The bottom surely is in, don't you think?
Source: Seeking Alpha
Related Articles:
- How To Build A Sustainable High Yield Portfolio
- How To Buy Dividend Stocks At The Bottom
- 10 Stocks That Have Paid Dividends Since The 1800s
- Are You Patient Enough To Be Wealthy? These 7 Dividend Stocks Will Help You Wait
- Three Keys For Successful Dividend Growth Investing
This 7% Yielding Energy Company Can Roar Higher
Posted by D4L | Thursday, November 10, 2016 | ArticleLinks | 1 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
GameStop (NYSE:GME) lost about 40% of its market value over the past three years, as rising digital downloads and declining mall traffic thr...
-
In a capitalistic society, opportunities to generate (mostly) passive income are all around us. Dividend growth investing is one of the most...
-
These elite income producers have rallied this year. Their brilliance at producing passive income seems to have caught the market's eye ...
-
While optimism in the broader market remains robust – particularly for hyped-up sectors like technology – investors may still want to consid...
-
Buying dividend stocks can be tricky. Oftentimes, stocks that pay exorbitantly high dividends have underlying financial problems, and their ...
-
Since the market highs in July, stocks have been under considerable pressure. Indeed, 10-year Treasury yields are at the highest level since...
-
If you are looking for reliable dividends, these three Dividend Kings should be right up your alley. Dividends are paid at the discretion of...
-
A strong dividend investing strategy may be to focus on high-quality names that score well on several dividend-related metrics. In other wor...
-
These investments take advantage of the potential for growth in the share price and dividend yield. Yet, when it comes to undervalued compan...
I think with Trump coming in I think green energy stocks may lose favor while traditional oil companies rebound. I also think that Keystone XL will probably get passed which will allow oil to stay competitive in the US for the foreseeable future.