2 Energy Stocks That Are Screaming Buys in October
There is a bifurcation taking place in the energy sector. One side is the old and dirty carbon economy, where Enterprise Products Partners (NYSE: EPD) operates. The other is the renewable power sector, which is where Brookfield Renewables (NYSE: BEP) (NYSE: BEPC) is quickly building out its business. Both of these energy investments are looking very attractive right now.
In Enterprise Product Partners' most recent shareholder presentation, this quote appears: "Global 2050 fossil fuel consumption (specifically oil, gas and coal) is expected to grow, furthering the necessity for energy 'addition' as the world population grows and economies develop."
It is accompanied by three bar charts showing the expectations for continued strong oil and natural gas demand from OPEC, the U.S. Energy Information Administration, and the International Energy Agency. Basically, the three most important energy watchers in the world all see a sustained future for carbon fuels through at least 2050.
Source Fool.com
