Can Dividend Investors Make Money in Oil Stocks?

The global oil market has been brutalized this year, under the two-headed hammer of the coronavirus pandemic crushing global oil demand, and the impact of oil giants fighting for market share and flooding the market with excess crude right when demand was crashing. As a result, billions of dollars have been lost, and the energy sector is still down about 33% this year.

But there has been some stabilization, and the strongest companies will survive. With multiple coronavirus vaccines now being administered, and a massive rollout of doses expected over the next six months, the future looks a little better for the oil patch. But survival isn't the same thing as being worth investing in, particularly for dividend investors looking for a reliable source of income. On Oct. 29, Jason Hall, host of the "The Wrap" on Motley Fool Live, took the time to discuss the prospects for dividend investors looking at oil stocks.

Short answer: The energy sector is still filled with risk and uncertainty, but there are a handful of oil stocks that should prove reliable and dependable dividend investments. Check out the video below for his top picks as dividend stocks in the oil industry that should prove safe and profitable.

Source Fool.com