3 Brilliant High-Yield Energy Stocks to Buy Now and Hold for the Long Term
There's a new administration in Washington, D.C., and it has a short-term plan for the energy sector whose key goal is to quickly lower energy prices for consumers. But income-focused investors looking for long-term ideas shouldn't be thinking about buying companies just because they might benefit for the next couple of years based on what has real potential to be temporary government policies. They should be thinking about companies that can handle whatever gets thrown at them and can thrive for the next several decades.For energy stock dividend investors who want to buy now and hold for the long term, consider Chevron (NYSE: CVX), Enterprise Products Partners (NYSE: EPD), and Brookfield Renewable (NYSE: BEP)(NYSE: BEPC). These high-yield energy stocks have unique attributes that will allow them to survive and thrive in just about any energy market scenario.Falling energy prices would be a net negative for Chevron, given that a large part of its business is tied to the upstream (energy production). However, the company is integrated, so it also has exposure to the midstream (pipelines) and downstream (refining and chemicals). Those two segments of the energy sector have different dynamics than the upstream and help to soften the blow from low energy prices.Continue reading
There's a new administration in Washington, D.C., and it has a short-term plan for the energy sector whose key goal is to quickly lower energy prices for consumers. But income-focused investors looking for long-term ideas shouldn't be thinking about buying companies just because they might benefit for the next couple of years based on what has real potential to be temporary government policies. They should be thinking about companies that can handle whatever gets thrown at them and can thrive for the next several decades.
For energy stock dividend investors who want to buy now and hold for the long term, consider Chevron (NYSE: CVX), Enterprise Products Partners (NYSE: EPD), and Brookfield Renewable (NYSE: BEP)(NYSE: BEPC). These high-yield energy stocks have unique attributes that will allow them to survive and thrive in just about any energy market scenario.
Falling energy prices would be a net negative for Chevron, given that a large part of its business is tied to the upstream (energy production). However, the company is integrated, so it also has exposure to the midstream (pipelines) and downstream (refining and chemicals). Those two segments of the energy sector have different dynamics than the upstream and help to soften the blow from low energy prices.
