The top 5 dividend-paying oil investments to acquire for the upcoming energy crunch not only will be fueled by E&P growth but a 22% rise in global drilling & completion (D&C) spending in 2022 to achieve the biggest annual rise since 2006, according to BofA Global Research. In the wake of two tough years for the oilfield services (OFS) industry, BofA is forecasting that 2022 could offer a robust D&C spending spurt.
For investors interested specifically in energy services, Carlson recommends an exchange-traded fund (ETF), Tortoise North American Pipeline (TPYP). Energy Select SPDR (XLE) is the top pick in the industry for conservative to moderate-risk investors, Carlson said. With BofA preferring oil stocks that have more exposure to the U.S. E&P market, it recommended Halliburton (NYSE: HAL). Patterson UTI (NASDAQ: PTEN), a Houston-based provider of oilfield services and products to oil and natural gas E&P companies in the United States and other select countries. Cactus Wellhead (NYSE: WHD), of Houston, designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment.Among the smallest 2,500 stocks within the broad S&P benchmark is Houston-based NexTier (NYSE: NEXAmong the smallest 2,500 stocks within the broad S&P benchmark is Houston-based NexTier (NYSE: NEX).
Source: Dividend Investor
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Posted by D4L | Thursday, February 10, 2022 | ArticleLinks | 0 comments »________________________________________________________________
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