The coronavirus pandemic has changed the world in a truly short span of time. It is difficult to say when a treatment or vaccine for the coronavirus will become available. Though approaches to handling the pandemic vary across countries, a trend of cases peaking and then declining seems to be emerging. If this trend continues, hopefully life will adjust to a new normal in the coming months. Wearing masks, social distancing, and remodeling offices and factories to curb virus spread are already becoming new norms.
As the world gets back to work, and economic activity picks up, the demand for oil and gas should slowly rise. Energy companies with strong fundamentals and diversified asset bases should be able to survive the short-term challenges and make for compelling investments. Three such companies are Enterprise Products Partners (NYSE: EPD), Enbridge (NYSE: ENB), and Kinder Morgan (NYSE: KMI). Let's look at how these three oil and gas stocks offer an opportunity to capture an incredibly attractive dividend yield compared to that offered a few months ago.
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