These High-Yield Dividend Stocks Are Capturing a Potentially Massive Growth Driver for 2030
The energy midstream sector faces the prospect of slowing growth. Many forecasters believe global oil demand is nearing a peak. If so, the industry will probably have fewer investment opportunities to expand, which could affect cash flow growth.
That's leading many in the sector to seek out new sources of growth. A potentially massive opportunity is carbon capture and sequestration (CCS). Several pipeline stocks are working to capture that opportunity, which could fuel needle-moving growth by 2030.
EnLink Midstream (NYSE: ENLC) is an early mover capitalizing on the CCS opportunity. The midstream company owns significant pipeline assets in Louisiana that are currently underutilized. The company believes it can repurpose a portion of these pipelines to transport carbon dioxide. That would increase its margins and boost its earnings.
Source Fool.com
