3 Great Foreign Companies to Invest in Right Now
When Wall Street is in love with an investment idea, prices quickly go to irrational levels. The opposite holds true as well. Investment themes the Street hates get the opposite treatment. Savvy investors with a value bent, however, are able to pick out misunderstood opportunities from out-of-favor ideas.
Right now energy-related stocks are out of favor in a world obsessed with cleaning up its carbon footprint, a task that will take decades to complete. That is why foreign high-yield stocks Suncor (NYSE: SU), TotalEnergies (NYSE: TTE), and Enbridge (NYSE: ENB) are all worth deep dives, with a particular focus on their clean energy transitions and ambitions.
Suncor is an integrated energy company, with a big business in the Canadian oil sands. Technically speaking, it mines oil-filled earth called bitumen, processes it, and extracts the oil within. Oil sands mines are expensive to build but relatively cheap to operate, and they have extremely long production lives -- much longer than what you could expect from a fracked well in the United States. This view of the company is partly why it has a fat 5.5% dividend yield.
Source Fool.com
