Oil gas

Wall Street is bullish on Energy Transfer stock price and its 10% yield

June 21, 2023 08:12 PM AEST| By Invezz

Energy Transfer (NYSE: ET) stock price has continued to outperform the market in the past few months. It has soared by more than 35% in the past 12 months while the SPDR S&P 500 ETF has jumped by almost 20%. ET stock has also done better than the...

Energy pro predicts that Brent crude oil price could crash by 16%

June 01, 2023 10:59 PM AEST| By Invezz

Commodity prices are in trouble as signs of more China weakness continue. The Invesco Commodity Index has crashed to $22, the lowest level since January 22 having plunged by over 27% from the highest level during the pandemic. Brent crude oil price r...

Magellan Midstream stock opened 15% up today: explained here

May 16, 2023 04:01 AM AEST| By Invezz

Shares of Magellan Midstream Partners LP (NYSE: MMP) opened 15% up on Monday after Oneok Inc (NYSE: OKE) said it will buy the petroleum products distributor for $18.8 billion. What’s in it for Magellan shareholders? The transaction is expected...

As Oneok acquires Magellan, here are the best MLP stocks to buy

May 15, 2023 06:47 PM AEST| By Invezz

Oneok (NYSE: OKE) stock price has moved sideways in the past few days as crude oil and natural gas prices retreats. The stock was trading at $63 on Friday, 31% above the lowest level in 2022. Now, the $28 billion company has agreed to acquire M...