Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience


Pricing
Go Premium Now
Login
Best Dividend Stocks
Ex-Dividend Dates
High Yield Stocks
Strategies
Tools
Articles
Premium
Advisors
Guaranteed Income

Photo of Oil Refinery

News

After Harvey, Are Refiners a Big-Time Buy?

Aaron Levitt Aug 30, 2017


With all the devastation currently going on in Houston, it’s hard to find any sort of silver lining to Hurricane Harvey. The storm is currently one of the worst on record and has already caused billions of dollars’ worth of damage in its wake. Texas and the Gulf Coast have been utterly crippled by the storm.

Also being crippled has been the nation’s refining infrastructure.

The vast bulk of the country’s crackers, refineries and other facilities for turning crude oil and gasoline lie on the coast of Texas and Louisiana. And as a result, Harvey and its relentless nature have put the sector in a major bind. But for dividend seekers, this temporary setback could be the entry point they are looking for.

Read here to know if there is an opportunity in oil.

Ten Refineries Hit

It’s not a coincidence that the bulk of America’s refining infrastructure sits on the Gulf Coast. Conveniently located near major areas of production, shipping ports and major pipeline terminals, the Gulf Coast is the perfect place to process crude oil and natural gas. The Energy Information Administration pegs that has over 45% of total U.S. petroleum refining capacity and 51% of total U.S. natural gas processing plant capacity is located along the Gulf Coast.

To read the Full Story, Go Premium or Log in

Popular Articles