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ConocoPhillips and DT Midstream Are Two Energy Stocks Worth Buying in July
ConocoPhillips and DT Midstream are two energy stocks that investors may want to consider buying before July ends, according to an analysis by The Motley Fool. The largest energy-focused ETF rose nearly 11% for the month ending July 27, while the S&P 500 gained less than 1%, as renewed tensions in Iran boosted the sector. ConocoPhillips, an upstream company, is seen as a riskier near-term bet due to its correlation with oil prices, but it has a strong portfolio including LNG assets and projects that could add $3 billion in cash flow by 2028 and $7 billion by 2029. DT Midstream, a pipeline operator with a $3.4 billion backlog and a 2.4% dividend yield, offers less direct exposure to commodity prices and has delivered a 168% share-price gain over three years.
COP · Geopolitics · Positive Renewed tensions in Iran boost oil sector, benefiting ConocoPhillips as an upstream company correlated with oil prices.
DTM · Geopolitics · Positive Renewed tensions in Iran boost energy sector, benefiting DT Midstream as a pipeline operator with strong backlog and dividend yield.