7. Enterprise Products Partners LP (NYSE:EPD)
Enterprise Products Partners LP (NYSE:EPD) is one of the stocks highlighted in Jim Cramer’s latest Mad Money recap as he provided top stock insights. Cramer was bullish on the stock and explained why. The Mad Money host commented:
Along the same lines, there’s another one that I talk about in How to Make Money in Any Market, and that’s Enterprise Products Partners, EPD. This is a pipeline company that I think in many ways is the best run of all of them. Let’s start with the dividend. It sports a 5.9% yield. It’s a company that’s been public for over a quarter a century, but is still one of the most underfollowed names in the oil and gas industry. Every time I mention it to people, they scribble it down, they’ve never heard of it. Enterprise Products is not a primary LNG exporter, but it is a critical feed gas and liquids infrastructure provider, and it’s always been a leader in building new plants. This is the company that owns a huge amount of the pipes, plants, processing, and a word called fractionation.
They split up the oil into different pieces that help feed the nat gas exports system. So what do you think of Enterprise Products Partners as an arms dealer to the entire gas and liquids ecosystem? LNG itself is only a fraction of its more than $50 billion revenue base. But if North America’s going to send more energy to the world, Enterprise benefits from the build-out underneath it. This is another safe income-generating growth stock with a strong long-term catalyst. Enterprise is the indirect high-quality income play on the broader North American gas system that feeds the export boom.
Enterprise Products Partners LP (NYSE:EPD) provides midstream energy services, including the transportation, storage, processing, and marketing of natural gas, crude oil, natural gas liquids, and refined products.
6. Enbridge Inc. (NYSE:ENB)
Enbridge Inc. (NYSE:ENB) is one of the stocks highlighted in Jim Cramer’s latest Mad Money recap as he provided top stock insights. Cramer explained the reason the stock should be bought, as he remarked:
Another great option is Enbridge. That’s a member of the elite eight income stocks with growth that I highlight in How to Make Money in Any Market. This diversified Canadian energy company has a major pipeline business… It moves 30% of the crude oil produced in North America, no one’s near that, and nearly 20% of the natural gas consumed in the U.S., while also operating the continent’s largest natural gas utility. Enbridge has exposure to the LNG export story via its immense natural gas pipeline business.
But the direct LNG angle here is an LNG export terminal in British Columbia, which Enbridge has a 30% interest in. It’s expected to enter service next year, and because it’s on the West Coast, it’ll be the fastest way to ship natural gas to Asia. Most of our LNG facilities are on the Gulf Coast or the East Coast, so they have to put, they have to cut through the Panama Canal first to get to Asia… Of course, I mainly like the stock because it’s a pipeline operator with a terrific dividend, currently yields 5.3%. You don’t buy Enbridge for its LNG exposure; you buy it for the gas pipelines and the bountiful dividend.
Enbridge Inc. (NYSE:ENB) operates major energy infrastructure, as the company transports oil and natural gas and manages utility and renewable energy assets.
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