Dividends4Life: These High-Yield Stocks Are Teaming Up to Capture Some of This $321 Billion Market Opportunity

Dividend Growth Stocks News

The energy industry needs to invest a whopping $321 billion in building enough pipelines and related infrastructure over the next several years to support fast-growing oil volumes in the U.S. and Canada. It's a massive opportunity for midstream companies to expand their footprints as well as their cash flows, which they can then use to increase their lucrative dividends.

One way these companies are positioning themselves to cash in on this opportunity is by working together so that they can lock up new expansion projects. That was recently the case as master limited partnerships Phillips 66 Partners (NYSE:PSXP) and PBF Logistics (NYSE:PBFX) teamed up with privately held Harvest Midstream to jointly develop a new oil pipeline in Louisiana. If they're successful in signing enough shippers up for the project, it could be in service and generating cash flow by the second half of next year.

Source: Motley Fool

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