These 3 Energy Closed-End Funds Are Still On Sale
CVXChevron(CVX) Forbes·2024-10-29 22:00

Oil pumps and graph getty If you're as bullish on oil as I am, let's look past vanilla bean favorites like Exxon Mobil (XOM) and Chevron (CVX). Great companies but a bit pricey, as they only yield 3% to 4%. We're better off with diversified energy funds that dish dividends up to 9%. Now we're talking! The conditions are right for another push ahead in energy's crash-'n'-rally cycle. The Middle East ('nuff said). The Federal Reserve careening towards a "no landing" scenario. And the People's Bank of China (P ...