Author Bio
Reuben Gregg Brewer believes dividends are a window into a company s soul. He tries to invest in good souls.
When the world looks back at 2020, one of the biggest economic stories is going to be the impact the coronavirus pandemic had on the energy sector. There was widespread financial pain across the sector as oil prices plummeted to historic lows. However, midstream operator
Crestwood Equity Partners (NYSE:CEQP) actually managed to have a record year. And 2021 could be even better.
At one point in 2020, the prices for benchmark West Texas Intermediate crude fell below zero. Basically, that means that exploration and production companies were paying customers to take their oil. That was only true for a brief time, but it shows just how bad things got.
Crestwood Equity Partners LP Announces Strategic Transactions with Crestwood Holdings and Provides Update to 2021 Strategic Outlook benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
(Enterprise Products Partners): Investors are, from a big-picture perspective, worried that the push toward clean energy will leave old-timers in the carbon energy space, like midstream giant Enterprise Products Partners, languishing. That s not unreasonable, given the shifting winds in Washington. But 7.8%-yielding Enterprise is in a pretty strong position, even if lean times are ahead for the broader energy industry.
With a $50 billion market cap, this limited partnership is one of the biggest midstream players in North America. It owns a widely diversified portfolio of largely fee-based assets that generate consistent cash flows to support its distribution. To put a number on that, it covered its distribution by 1.6 times in pandemic-hit 2020 (1.2 times has historically been considered strong coverage). Meanwhile, it has very low leverage relative to peers, so its balance sheet is rock solid, too. Looking at growth, it has $2.4 billion of capital investment projects lined up in
These 3 Dividend Stocks Are Too Cheap to Ignore fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.