Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
Login Archives Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
    ×
  • Subscribe
Enter stock ticker or keyword
×
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: stocks
Stocks: MMP

The Best Energy Dividend Stock to Buy in 2017 Offers More Than a Huge Yield

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 • May 19, 2017

Start the conversation

Leave a Reply Click here to cancel reply.

You must be logged in to post a comment.

With oil prices surging 12% in the first half of April and plunging 7.6% since then, owning a stock that pays a dividend can help you profit no matter how prices are moving. That's why today we're recommending the best energy dividend stock to buy in 2017.

best energy dividend stockOil stocks that boast strong dividends are a must-have for any energy investor. That's because they still offer solid dividend payouts even if volatile oil prices drag the company's stock price lower. Conversely, when oil prices are climbing and stocks are heading higher, you'll have an additional payout.

While oil prices are now flat so far this month, we expect a strong rally from here.

In fact, Money Morning Global Energy Strategist Dr. Kent Moors' latest oil price prediction shows WTI rising to the $56-$58 range by this September. That would be at least a 13.4% gain from the current price of $49.39.

Those oil price returns would help lift one of Moors' favorite oil stocks, which already boasts a strong dividend yield of 4.83%. Not to mention analysts believe this stock could also hand investors a nice 24.4% return over the next year.

Before we tell you about this energy dividend investment, here's precisely why the crude oil price could rise 13.4% in the next five months...

Why Oil Prices Could Head Higher in 2017

The biggest reason crude oil prices will rally to $56-$58 by September is OPEC's continued production cuts.

On Nov. 30, 2016, the 12-nation oil cartel agreed to slash output for the first time since 2008. The agreement reduced daily production from members by 1.2 million barrels. OPEC also brought 11 outside countries on board, including Russia, to cut daily output by 600,000 barrels. The deal sparked an 8.9% rally in prices over the following two months.

Just Released: These "Second Salary" Plays Could Make You and Your Grandkids Rich

This rally convinced U.S. producers to pump more oil and bring more rigs back online. After all, higher oil prices mean these struggling producers can make more money on each barrel of oil they produce. This subsequently flooded the market with more oil, lowering demand and dragging prices 8% lower to $49.41 so far this year.

But investors are eyeing up next week's highly anticipated OPEC meeting in which the cartel will discuss extending the output cuts. According to MarketWatch, analysts and strategists widely expect OPEC to maintain the cuts as far out as March 2018.

If OPEC fulfills those expectations, the WTI crude oil price will likely rally in the coming months. Any improvement in market sentiment following the cut extension could easily send prices 13.4% higher to our $56-$58 target range.

That's why we're recommending the best energy dividend stock to invest in this year. This stock will not only offer passive income from its generous dividend, but also possibly offer big returns if oil prices rocket after the May 25 OPEC meeting.

Here's the best energy dividend stock to buy in 2017...

This Is the Best Energy Dividend Stock to Buy This Year

Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter

Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…

Claim My Free Report

Subscribe
Login
Notify of
guest

guest

0 Comments
Inline Feedbacks
View all comments


Latest News

September 20, 2023 • By Garrett Baldwin

Postcards: Captured by Vines... and Regulation

September 20, 2023 • By Tom Gentile

How to Cash In On The Most Perfectly-Timed Selloff in History

September 18, 2023 • By Garrett Baldwin

Dogs That Are Fluent in Spanish for $200, Alex.
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Penny Hawk Midday Momentum
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Quantum Data Profits Flashpoint Trader Darknet Alpha Accelerators Brutus Alerts Resource Traders Alliance L.A.U.N.C.H. Investor Rob Roy Trader Long-Term Equity Profits

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz