Prices of energy commodities like natural gas are important for consumers and investors alike. Earlier in the year, natural gas prices in the U.S. dropped to 25-year lows. As a result, in early spring, shares in many players in the sector hit 52-week lows. Most natural gas stocks have staged a remarkable comeback in price since then, there may still be further upside left for long-term investors. At present, the price of natural gas is around $1.8 per MMBtu. With all that in mind, here are three natural gas stocks that are worth your time today...
In January, Apache Corporation (APA) and its partner Total S.A. announced a significant oil discovery offshore Suriname. Apache is also No. 411 on the Fortune 500 list. Dividend yield: 0.7%. Midstream industry giant Kinder Morgan (KMI) owns and operates gas pipelines and terminals. So, the company moves gas from the shale basins where it’s produced to cities, neighborhoods, businesses where it’s consumed. Dividend yield: 7%. Magellan Midstream Partners (MMP) is one of the largest operators of refined product pipelines in the U.S. It concentrates on the storage, transportation and distribution of petroleum products and ammonia. Distribution yield: 9.8%.
Source: InvestorPlace
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3 Natural Gas Stocks Worth Your Time Today
Posted by D4L | Thursday, August 27, 2020 | ArticleLinks | 0 comments »________________________________________________________________
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