Bargain Buys for the Next Oil Gusher (With 7%-9% Yields!)
October 28, 2024 at 05:00 AM EDT
If you’re as bullish on oil as I am, let’s look past vanilla bean favorites like Exxon Mobil (XOM) and Chevron (CVX) . Great companies but a bit pricey, as they only yield 3% to 4%. We’re better off with diversified energy funds that dish dividends up to 9%. Now we’re talking! The conditions are right for another push ahead in energy’s crash-‘n’-rally cycle. The Middle East (‘nuff said). The Federal Reserve careening towards a “no landing” scenario . And the People’s Bank of China (PBoC) joining the global money printing party. It could be high time for Texas tea’s next leg higher.… Read more