7 Dividend Stocks to Grow Your Nest Egg
Help secure your retirement with these safe, high-yield stocks
Aug 31, 2010, 1:49 am EDT | By Richard Young, Editor, Intelligence Report
#5 – Energy Transfer Partners (ETP)
| To help feed the East Coast with domestic natural gas, Energy Transfer Partners (NYSE: ETP) wants to build a pipeline from Panola County, Texas to Richland Parish, Louisiana. Called the Tiger Pipeline, it will intersect with numerous larger pipelines heading from the southern U.S. towards the energy-hungry northeast and midwest regions. The 42-inch-wide pipeline will move two billion cubic feet of gas per day using four compressor stations. That should allow ETP to tap into big profits. A breakout above both the 50- and 200-day moving averages on my price chart shows ETP’s strength. Oh, and by the way, ETP yields over 7.8% at current pricing. Buy now. |
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