High-Yield Energy Stocks Appealing if Oil Prices Rebound

Devon Energy is an oil and gas company whose stock could benefit if oil prices rebound. It pays a lucrative dividend, making it appealing for income investors.
Enbridge is a large pipeline operator acquiring natural gas utilities to become North America's largest. Its 10%+ dividend yield is attractive despite recent stock drops.
Chevron's diverse oil business segments reduce risk. It has low debt and has increased its dividend for 37 straight years.
Oil demand remains strong globally, which helps energy companies despite boom/bust cycles. Steady demand ensures a resilient long-term market.
OPEC+ cutting output could raise oil prices and boost revenues for companies like Devon Energy. Timely for Devon as Q2 revenue and profits dropped over 40%.

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Relevant topic timeline:

8/21/2023

Energy Sector: Monetary Easing Will Probably Follow Soon And Lift The Oil Prices (XLE)

China's slowing economy and worsening macroeconomic indicators may be good news for oil prices, as it could lead to changes in monetary policies and stimulate global demand for oil. Investing in oil ETFs, particularly the Energy Select SPDR Fund (XLE), which includes stable and profitable companies, may be a reliable option. There are risks involved, but with tight oil supply and central banks' desire to avoid an economic downturn, oil assets could still be favorable.

8/22/2023

EOG Resources: One Of The Best Oil Stocks To Outperform The Market (NYSE:EOG)

EOG Resources, an oil company with deep reserves, efficient operations, and a commitment to shareholder value, is poised for growth and has outperformed its peers in the energy sector.

8/28/2023

Exxon says world set to fail 2°C global warming cap by 2050

Exxon Mobil Corp projects that oil and natural gas will still account for 54% of the world's energy needs in 2050, with CO2 emissions doubling the desired scenario set by the IPCC.

9/12/2023

Citi: Powersports Company Poised for Rally as It Gains Market Share

Key energy stocks are recommended for purchase as oil prices reach their highest levels of the year, according to Morgan Stanley.

9/13/2023

Jim Cramer: Oil Rally Extends Gains for Energy Stocks Like Pioneer and Coterra

Oil prices are reaching their highest levels in 10 months, leading to gains for energy stocks like Pioneer Natural Resources and Coterra Energy, prompting Jim Cramer to suggest it's a good time to invest in these companies.

9/27/2023

Quality Dividend Stocks Offer Stability Amid Recent Stock Market Volatility

Three dividend stocks worth considering now are American Electric Power (AEP), Dominion Energy (D), and RTX, as they offer steady dividend payments, lower volatility, and attractive yields, making them suitable choices for passive income and capital preservation during a bear market.

10/7/2023

Exxon's $60B Pioneer Deal Sparks Speculation of More Energy Sector M&A; Devon Eyed as Undervalued Target

Exxon Mobil is reportedly finalizing a deal to acquire Pioneer Natural Resources for approximately $60 billion, signaling a boom in mergers and acquisitions in the oil and gas upstream sector, while Devon Energy, the worst-performing large-cap oil and gas stock of the year, presents an opportunity for investors due to its low valuation and well-defined dividend strategy.

10/8/2023

Oil Majors and Utilities Offer Steady Dividends and Growth While Darden Beats Estimates

Dividend-paying stocks, such as Exxon Mobil, Coterra Energy, Brookfield Infrastructure Partners, American Electric Power, and Darden Restaurants, are being recommended as attractive options for investors due to their strong earnings, cash flows, and dividend growth.

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Posted 9/17/2023, 12:30:00 PM