Top 6 Oil & Gas Transporters Paying Substantial Dividends

As oil prices rise, costs go up for transportation companies as well, forcing them to raise transportation prices in order to keep their profit margins. While one might think of higher oil & gas prices as a negative signal for transporters, recent research supports the opposite hypothesis: There is a strong correlation between oil & gas transporters and retail gasoline prices, particularly for the long-run. As crude oil is hovering around $110, the profits of oil & gas transporters will continue their upside movement. Here is a list of the top six oil & gas transporters with nice dividends, all of which have a minimum market cap of $2 billion, and a maximum P/E ratio of 25:
Oneok Partners, L.P. (OKS): The Oklahoma-based Oneok, formerly known as Northern Border Partners, gathers, processes, stores and transports natural gas in the U.S. Oppenheimer suggests an outperform rating for Oneok Partners, while UBS,... Read more