2 Top Midstream Stocks to Buy in December
Enterprise Products Partners (NYSE: EPD) and Enbridge (NYSE: ENB) have not performed particularly well over the past decade. Both are down by more than a third from their high-water marks over that span. There's a good reason for that, but it is also opening up an opportunity for dividend investors looking to add reliable high-yield stocks to their portfolios in December. Here's what you need to know.
The easy explanation for the steep price declines at Enterprise and Enbridge is that they are reliant on carbon energy, which is not held in high regard these days. But that's not the whole story. At one point, midstream companies were rapidly building new assets and growing their businesses at a fairly swift pace. That all changed about a decade ago when it became harder to find attractive opportunities to build new assets. Thus, growth slowed down. On top of that, the energy sector has increasingly been under pressure from the shift toward renewable power.
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Source Fool.com
