β#ForexChief #EnergyCrisis #forexnews #WTI #Oil #Brent #stock #worldnews #DevonEnergy #Enbridge #opec #nyseβ
π’οΈ Oil under sanctions: what should those who are ready to take the risk do?β
π Sanctions against Russia are dangerous by a long-term disruption of the supply/demand balance in the energy market. The average price of gasoline in the US, excluding inflation, has already reached an all-time high. But for market speculators, this time is quite favourable, only long-term goals need to be chosen correctly.
β
Any hard ban puts pressure on the market and stimulates volatility. The US actions were supported by Great Britain, rest of EU countries are not ready to participate in this initiative. Oil embargo forces OPEC to make a difficult choice: you can increase volumes to balance the market, but then you will not be able to maintain political neutrality.
β
We suggest you take advantage of the situation and buy shares of oil and gas companies that pay good dividends and have excellent growth potential.
β
Devon Energy (NYSE: DVN)The company's basic policy is to return additional funds to investors through the payment of dividends and share buybacks. Devon pays out $1 per share quarterly, which translates into a 6.7% annualized return. The company pays a fixed dividend of $0.11 per share and a variable dividend of 50% of additional cash flows quarterly.
β
Enbridge (NYSE: ENB)This Canadian company is North America's largest oil and gas pipeline operator. Almost 70% of all Canadian oil exported to the United States and about 20% of natural gas consumed in the country are transported through its communications. Enbridge's cash flows are successfully diversified both by business lines and regions. Over the past 26 years, the company has increased its dividend payout by about 10% per year. The current dividend yield is around 6%, which translates into quarterly payouts of $0.68.
β
Profits to yβall!