New Trade for April 4th, 2023

Oil prices are surging after OPEC+ announced it was slashing output by 1.16 million barrels per day, causing analysts to sound the alarm that the move could push oil back above $100 per barrel. We’re seeing some significant movement in the energy sector as a result.

Some stocks are better positioned to benefit from rising oil prices. Today, we’re focusing on one name with significant potential. Thanks to accelerating distribution growth, this company is well-positioned to continue delivering market-crushing returns alongside a very low-risk profile. If you’re looking for an undeniably attractive opportunity to boost passive income with a position in one of the best high-yield stocks available, read on.

Enterprise Products Partners (EPD)

As a midstream provider, Enterprise Products generates revenue by transporting and processing energy products rather than directly producing or selling them. This means that EPD’s profitability is less dependent on volatile commodity prices and more tied to stable demand for its services – which could be a key advantage if oil prices continue to rise.

EPD also has a strong balance sheet, ample liquidity, and a long history of consistent dividend payments. In other words, this company has weathered many storms in the energy sector and is well-positioned to continue generating steady cash flows, even in a volatile market.

If you’re looking for a potentially lucrative play on rising oil prices, this stock is one to consider. Keep an eye on EPD throughout the day and look for any signs of strength or consolidation – if the trend continues upward, it could be an excellent opportunity to buy in and ride the wave.

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