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5 Energy Companies Miles Away From The Middle East Chaos
Posted February 9, 2012
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By Vatalyst
The energy sector is quickly becoming the place to position yourself this year as tensions escalate with Iran and nations across the globe evaluate their dependency on Middle Eastern oil. Sanctions on Iran along with an embargo on Iranian oil by the European Union and the United Kingdom will not only work to the favor of energy companies with interests outside of the Middle East, but it will drive energy prices in general through the roof due to the elimination of a great amount of the world's accessible supply of oil.
Each of the following companies has already proven its worth through high yielding dividends and consistent gains over the past three years. Income investors would be wise to consider these stocks in the wake of a major shift in the means by which the world obtains its energy that will only add fuel to the fire which drives their success.
Targa Resources Partners (NGLS) is a limited partnership that has assets located in Texas and Louisiana that complement its downstream marketing and distribution resources. It has been profitable three out of the last four years, only posting a $12 million loss in 2009 that, when compared to its average of $25 million in net revenues per quarter, seems to be a fluke. Its dividend has increased rapidly over the past four quarters and I believe that it still has plenty of room to grow. READ FULL ARTICLE HERE
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