Generate gobs of passive income from these energy stocks. Oil prices are falling, which makes now a good time to reassess how best to approach investing in the sector. In its August short-term energy outlook, the U.S. Energy Information Administration (EIA) lowered its full-year target price on Brent crude oil (the international benchmark) from $86 to $84 per barrel. The EIA remains optimistic that crude oil prices will rise in the coming months, but also expects lower oil consumption. Oil demand tends to r ...

l T I I T JHVEPhoto Introduction The last time I covered Enbridge Inc. (NYSE:ENB)(TSX:ENB:CA) was on October 30, 2023, in my well-received article called "Enbridge: Thoughts On The Dominion Deal And Past Returns". Back then, I gave Enbridge stock a buy rating because with the lower end of the growth outlook sitting at around 3% per year, coupled with the (back then) dividend yield of 8%+, Enbridge stock looked like a low volatility option to generate low double-digit (around 11-12%) pre-tax returns while lo ...

Enbridge has an excellent record of raising its dividend during downturns. There are growing concerns that the economy is barreling toward a recession. Higher interest rates are starting to impact economic growth, and many worry that if the Federal Reserve waits too long to cut rates, it could trigger a recession. While a recession could have a major impact on some companies, it likely won't affect Enbridge (ENB 1.59%) at all. The leading North American pipeline and utility operator generates very durable c ...

The energy giant has a high yield, a strong business, and it's shifting along with the world around it. The big reason most income investors will want to buy Enbridge (ENB 1.59%) is its hefty dividend, which currently yields 6.9%. However, you really need to dig beneath that number to understand why this stock is so desirable to own. The list of pros includes the dividend (but for more than just the yield), the diversified underlying business, and the expansion the company has undertaken. 1. It boasts an at ...

Eoneren ENB stock: buy thesis maintained I previously covered Enbridge (NYSE:ENB) stock with a "Buy" rating as you can see from the chart below. That article was titled "Enbridge: A Misconception Surrounding OPEC+ Oil Production Cuts" and was published back in July on the Seeking Alpha platform. As the title suggests, that article focused on the potential impact of the OPEC+ oil production cuts. More specifically, I argued: The market is misinterpreting the impacts of OPEC+ oil production cuts on ENB. Histo ...

Enbridge expects to have plenty of fuel to pay dividends in the future. Enbridge (ENB 0.10%) is a global leader in transporting crude oil. It operates North America's longest and most complex oil and liquids transportation system. The company moves 30% of all the oil produced on the continent. The Canadian pipeline and utility company firmly believes its crude transportation assets will remain vital to fueling the economy for decades. It expects oil demand to continue rising through at least 2050. That bode ...

The oil-energy sector is fraught with uncertainty, as many companies within it are highly susceptible to extreme fluctuations in oil and natural gas prices. To illustrate this volatility, consider the dramatic swings in oil prices since the onset of the COVID-19 pandemic. On April 20, 2020, the price of West Texas Intermediate crude plummeted to an unprecedented negative $36.98 per barrel, only to surge to $123.64 per barrel by March 8, 2022, as economies gradually reopened. However, this volatility doesn't ...

Enbridge Inc. (ENB) has announced a reduction in tolls for its Canadian oil export pipelines, following increased competition from the newly expanded Trans Mountain pipeline system. The tolls for shipping heavy crude from Hardisty, Alberta, to Texas via Enbridge's network will drop to $9.4877 per barrel from the previous $10.7006 per barrel, per a Bloomberg report. Impact of Trans Mountain Expansion The tolls were reduced after the Trans Mountain Expansion ("TMX") began operations. The TMX now enables the t ...

Enbridge Inc. (ENB) CEO Greg Ebel has made a bullish forecast for global oil demand, stating that it will continue to grow well in the coming decades. Speaking in an interview with Bloomberg on Tuesday, Ebel said that oil consumption could potentially exceed 100 million barrels per day (bbl/day) by 2050, reaching more than 110 million bbl/day. The CEO's outlook is driven by ongoing economic growth, particularly in developing countries, where demand for "lighter, faster, denser (and) cheaper" energy is on th ...

Enbridge is in the middle of finalizing a series of three utility acquisitions, which will materially shift its business. The big attraction for investors today with Enbridge (ENB 1.11%) is the stock's hefty 6.6% dividend yield. The dividend backing that yield, meanwhile, has been increased annually (in Canadian dollars) for 29 consecutive years. And yet the backstory for Enbridge today is one of change, but in a good way -- if you like owning highyield stocks of boring and reliable businesses. Here's what ...