3 High Yield Oil Stocks to Buy on Dips

As demand for oil is rising globally, and with signs of inflation in the economy, it makes sense to look at energy stocks. The major oil company stocks listed below offer a generous dividend yield of about 3.4 to 5% and they all have reasonable PE ratios. The dividends are attractive and can rise in time along with inflation. The valuations on these stocks have risen in the past couple of weeks along with oil prices due to tension in the Middle East. Because they are all trading higher than their recent trading range, I would wait for a pullback in these and other energy stocks before buying shares. Eni SPA (E) is a major integrated oil and gas company that engages in the exploration, production and marketing of oil and natural gas. This company operates worldwide and is based in Rome, Italy. The dividend payment is about $2.60 annually... Read more