Eni (E)

Eni (E)

Postby winston » Wed Oct 19, 2016 12:27 pm

not vested

Italian Stocks to Buy: Eni (E)

by Luca Mascaro

Eni SpA (ADR) (E) has the unfortunate pleasure of being a member of two hated groups — Italian stocks and oil producers. However, E stock deserves to be on any investor’s watch/buy list.

Eni is one of the largest integrated majors. Think Exxon Mobil Corporation (NYSE:XOM). And like XOM, E stock owns a vast range of energy projects across the up-, mid- and downstream sectors throughout the globe.

The vast bulk of its operations have focused on the Middle East, and some of its legacy fields in Libya are some of the largest in the world. These fields provide Eni with a steady dose of daily production and operating cash flows.

Meanwhile, E stock continues to explore and has become one of the best “finders” of new deposits among the majors. That includes its massive recent finds in Mozambique and its “supergiant” field in Egypt that could be home to a whopping 30 trillion cubic feet of gas. Those sorts of finds are great for the long term.

In the short term, profits have been lacking at Eni due to the downturn in energy prices.

But with energy prices starting to rise, ENI should start seeing its net income kick into high gear. And because of the recent problems with Italian stocks in general, they can buy those profits at a discount. E stock also sports a big 6% dividend.

Source: Investor Place
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Eni (E)

Postby winston » Fri Dec 09, 2016 6:38 pm

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European Stocks to Buy for Big Dividends: Eni (E)


Dividend Yield: 5.9%

When we think of the major oil companies, names like Exxon Mobil Corporation (NYSE:XOM) dominate the conversation. However, Europe is full of some big-time energy stocks that pump out major dividends as well. One of the best happens to be Italy’s Eni SpA (ADR) (NYSE:E).

Yes, Italy is in the middle of the death throes of its Quitaly movement to leave the E.U., but in the real end, that shouldn’t affect E very much.

Eni is nearly as big as XOM and features a stable of assets –up-, mid- and downstream — across the globe. It’s one of the main oil producers in the low-cost Middle East and traditional elephant fields have dominated its cash flows and production profiles for years.

But Eni still has plenty of growth in its tank.

The firm continues to find insane amounts of natural gas in offshore Mozambique. These fields have the ability to provide plenty of long-term revenues for the energy major as the world transitions to a natural gas future. It’s basically becoming the Exxon of Europe in its shift to natural gas.

More importantly, management has been cautious in spending extra CAPEX on other projects to get these fields pumping ASAP.

In the end, Eni is a great all-around energy stock. But because of the Quitaly B.S., shares can now be had for a monster 5.9% dividend yield. This is one European dividend stock value that needs to be in your portfolio.

Source: Investor Place
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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