Energy Sector Ideas

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Enbridge - >>> Buffett has loaded up Berkshire's portfolio on some oil stocks, but there aren't any midstream energy companies in the mix. His secret portfolio, though, is a different story. NEAM owns a tiny stake in midstream leader Enbridge (ENB).


https://www.fool.com/investing/2023/02/12/3-top-dividend-stocks-in-warren-buffetts-secret-po/


That small position won't move the needle much at all for NEAM and certainly not for Berkshire. However, buying shares of Enbridge could potentially pay off for income investors. With a dividend yield of 6.73%, every $10,000 invested in the stock would make $673 in annual income.

Enbridge's dividend is arguably one of the safest in the energy sector. The company has increased its dividend for 28 consecutive years. Its cash flow also doesn't hinge on volatile oil prices. Nearly all (98%) of Enbridge's cash flow is either based on a cost-of-service model or contracted.

The stock could be ready for a big upswing this year. Enbridge is rapidly expanding into renewable energy, with several new projects in progress.

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