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The United States Energy Information Administration (EIA) estimated that four billion cubic feet per day (Bcf/d) of new natural gas pipeline capacity has entered into the service over the third quarter of this year. Moreover, the oil and gas pipeline market worldwide is expected to increase at a CAGR of more than 6% from 2021 to 2026.
Given this favorable backdrop, it might be profitable to scoop up these fundamentally strong oil and gas pipeline stocks Enterprise Products Partners L.P. (NYSE:EPD), MPLX LP (MPLX), Oasis Midstream Partners LP (NASDAQ:OMP), and Martin Midstream Partners L.P. (NASDAQ:MMLP), and take advantage of their recent dips.