Energy investors may finally be having the last laugh. After what seems like years of being dead money, the sector is on proverbial fire. Thanks to the Russian Ukraine crisis, energy prices have surged straight up, bringing plenty of gains, improved profits, and even a return to dividend growth for the sector. It seems that all aspects of the industry are having a resurgence.
One of the biggest winners has been midstream and pipeline energy firms.
With rising energy exports now on the table, massive infrastructure spending bills in the works, and energy producers, well, producing, the pipeline operators have the goods to keep cash flows strong and robust. And with their already high dividends, the sector is uniquely poised to provide inflation-beating income for portfolios.
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