Got $5,000? Here Are 3 Energy Stocks to Buy and Hold for the Long Term
The world is focused on reducing carbon emissions, and the energy sector is filled with low-hanging fruit in that effort. That means oil drillers are in society's crosshairs. But there's a complex chain in the sector that gets these fuels from the ground to where they are eventually used. And since demand for oil, even in the most optimistic clean energy projections, is expected to remain material for years to come, there is still investment merit in the energy space -- if you focus on the right niche. Here are three high-yield pipeline owners that deserve close attention today.
Enterprise Products Partners (NYSE: EPD) is a midstream-focused master limited partnership. It offers an 8.3% distribution yield backed by 22 consecutive annual increases. The company owns a massive collection of largely fee-based pipelines, storage, processing, and transportation assets that would be impossible to recreate. And it has a history of being financially conservative.
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Source Fool.com
