America’s shale fields continue to be in hot demand as the world looks to reduce Russian energy supplies now off the market. But those American supplies are worthless if you can’t get them to market quickly and efficiently. Luckily, for our latest Best Energy Dividend Stocks List pick, it facilitates those transactions.
Our pick is one of the largest midstream firms operating in the prolific Bakken shale. As one of the first midstream firms to develop gathering pipelines in the region, our pick has built a virtual monopoly on shipping crude in the area. Its superior position has produced ample cash flows since the company’s founding a few years ago.
But with the importance of finding new safe sources of crude to fuel the world, this position has only gotten stronger. Cash flows and earnings remain swift as volumes increase on its system. For investors, our pick’s strength and willingness to share the wealth via high dividends make it a top stock to own. Investors should watch for the stock when it goes ex-dividend on Friday, July 29 (estimated date).
In order to make room for our midstream pick, we’ve reduced our holdings in two other midstream names and LNG specialist.
You can check out the Best Energy Dividend Stocks List to explore all the stocks.
