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
Related Articles:
- 3 High-Rated Dividend Stocks With Above Target Returns
- 2 Dividend Stocks For Healthy and Wealthy Retirement
- 4 High-Yielding Utilities With A Growing Dividends
- 10 Dividend Stocks With A 10%+ Dividend Growth Rate
- 3 Styles Of Successful Dividend Investing
These High-Yield Stocks Are Teaming Up to Capture Some of This $321 Billion Market Opportunity
Posted by D4L | Monday, February 04, 2019 | ArticleLinks | 0 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 ...
-
Investors buy dividend stocks for a few reasons. For one, they provide income via dividends that act as a bonus on top of capital appreciati...
-
While optimism in the broader market remains robust – particularly for hyped-up sectors like technology – investors may still want to consid...
-
If you are looking for reliable dividends, these three Dividend Kings should be right up your alley. Dividends are paid at the discretion of...
-
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...
-
A strong dividend investing strategy may be to focus on high-quality names that score well on several dividend-related metrics. In other wor...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.