Shares of Enbridge (NYSE: ENB) fell as much as 4.5% today before recovering to a more mild 3.6% loss by the end of Monday trading. Obviously, a pipeline operator needs its end-customer to do well in order for it to do well in the long run. A prominent Wall Street analyst gave a bearish outlook for oil prices, and long-term interest rates continued their multi-month climb, putting further pressure on high-yield stocks.
There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are Shell (SHEL), Eni (E) and Enbridge (ENB).
Here's why they think these stocks are brilliant ways to boost your passive income this month. Reuben Gregg Brewer (Enbridge): Investors don't seem to like Enbridge's recent agreement to buy three natural gas utilities from Dominion Energy.