5 Oil Transporters Offering Yields of 5% or Higher

Transportation costs go up in accordance with oil prices, forcing transportation companies to raise prices in order to balance their profit margins. As brent crude is currently around $110, I expect oil transporters to keep raising prices even though things are currently relatively quiet in the Middle East. One could turn this situation into a profitable opportunity. Here is a list of the top 5 oil and gas transporters offering fat dividends. All of the companies have a minimum market cap of $2.8 billion, and a maximum P/E ratio of 20. El Paso Pipeline Partners (EPB): El Paso is planning to split its subsidiary El Paso Exploration & Production (EPEP) by the end of 2011. As of Friday’s close, the Houston-based El Paso had a $6.7 billion market cap. P/E ratio is 13.0, and forward P/E is 15.07. The company had an EPS growth of 23.14% during the last five... Read more