T. Boone Pickens has made several fortunes in the oil patch. First, he did it as a small-time wildcatter during the 1950s and 1960s. Then he took on “Big Oil” as a shareholder activist in the 1970s and 1980s. More recently, he has become an evangelist for American “energy independence.” For this reason, I always pay attention to his thoughts on the business. And in recent quarters, Pickens has started placing huge bets on pipeline stocks. He has also quietly boosted his position in a new company...
Energy Transfer Partners (ETP) stands to make a fortune. Right now, infrastructure remains the biggest factor holding back the oil boom. The industry doesn’t have enough pipelines, storage terminals, or processing plants to handle all of the crude coming out of the ground. For the partnership, this spells opportunity. Earlier this year, management wrapped up work on the Comanche Trail Pipeline, Trans-Pecos Pipeline, and WAHA Header system. These routes will export natural gas to Mexico and provide a big boost to the bottom line. Executives expect to complete several more projects later this year.
Source: Income Investor
Related Articles:
- Wealth is a Journey, Dividend Stocks Can Take You There
- 3 Higher-Quality, High-Yield Dividend Stocks
- 10 Stocks With Sustainable Dividend Growth
- 12 Dividend Growth Stocks With A Good Yield/Growth Mix
- Who is Ben Grossbaum and Why Should We Listen to Him?
Billionaire T. Boone Pickens Owns This 11.1% Dividend Stock
Posted by D4L | Monday, August 21, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
If you're looking for income, turning to your investment portfolio is a natural choice. Lately, that's been a tough assignment, beca...
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
All seven equities on this list have dividend yields above 13%, but the highest one yields nearly 27%! In addition, each equity has a positi...
-
Dividend-payng semiconductor stocks to buy during a computer chip shortage for electric vehicles (EV), smartphones and other technology prod...
-
Investors in retirement may desire additional income. Those who don’t have a pension are likely relying on Social Security, and their retire...
-
Dividend safety is especially important when stock prices are falling. Many companies cut their dividend payouts in 2020 during the coronavi...
-
Investing in dividend-paying stocks is a good way to generate fairly reliable income. However, that strategy doesn't necessarily mean yo...
-
Sometimes, stocks are a bargain because the company's prospects are being overlooked, and sometimes, it's just the result of a broad...
-
The four dividend-paying retail technology stocks to buy towered over the rest at a BoA Global Research Consumer & Retail Technology C...
-
Chasing growth is usually the right move for younger investors, but it can be a risky strategy for retirees. Generally speaking, retirees sh...

0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.