Several catalysts fueled a surge in the pipeline company this year.
The rising demand for oil and natural gas upon the resumption of economic activities and production cuts by the world’s major oil-producing countries have enabled the oil and gas industry to rebound quickly from pre-pandemic levels. The fast recovery of the global economy portrays a positive outlook for the industry, as the oil demand is expected to keep rising from reopening industrial activities. Given this backdrop, we believe Flowserve (FLS), Enable Midstream (ENBL), and Star Group (SGU) are ideal investment bets for the second half of the year.
Energy pipeline companies are witnessing increasing demand given the upbeat oil & gas market. With that, established pipeline companies Energy Transfer (ET) and Kinder Morgan (KMI) are well positioned to keep benefiting from the industry tailwinds. But which of these two stocks is a better buy now? Let’s find out.
Enable's (ENBL) Gulf Run pipeline project is backed by a 20-year commitment for 1.1 billion cubic feet per day (Bcf/d) from Golden Pass LNG.
With fuel demand recovering massively, midstream energy firms like Energy Transfer (ET), Enable Midstream (ENBL) and Hess Midstream (HESM) are poised to gain.
Units of the midstream partnership got a boost from Wall Street and some good news on the acquisition front.
ENBL earnings call for the period ending March 31, 2021.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Investors in Enable Midstream Partners L. .
Investors in Enable Midstream Partners L. .
Oil production cuts implemented by OPEC member countries and other producers, and rising energy demand with the reopening of industrial activities worldwide, augur well for the global oil market. Consequently, oil prices have rebounded to pre-pandemic levels in recent weeks. Hence, we think it wise to bet on the stocks of Western Midstream (WES), Enable Midstream (ENBL), and Star Group (SGU). In addition to price appreciation, these stocks’ high dividend yield could ensure solid total returns for investors. Read on for details, please.