10 Best High-Yield Dividend Stocks

My Top Pick From The "Texas Of Canada" Is Poised To Surge Even Higher [View Online](=)|[Unsubscribe]( [Street Authority Daily] -[]Recommended Link [10 Best High-Yield Dividend Stocks]( From Our Partners [10 Best High-Yield Dividend Stocks]( FREE exclusive report from MarketBeat lists ten stocks poised to generate a reliable source of investment income in any market, especially this one. These mighty 10 can form the foundation of a rock-solid income-generating stock portfolio. Bonus: You'll also learn what to look for in dividend stocks and common yield traps that hold dividend investors back from long-term success. [Click here to see the list now.]( May 30, 2022 My Top Pick From The "Texas Of Canada" Is Poised To Surge Even Higher By Jimmy Butts [Jimmy Butts] Since early January, I've dedicated a good chunk of my time to researching and writing about the energy space. And for good reason… I went [on the record]( saying that oil prices were heading much higher and that investors would be wise to load up on energy stocks. Of course, I couldn't predict the Russia/Ukraine conflict. Nobody is that good. But [as I wrote recently](, the oil & gas sector is a boom-and-bust business. Based on what I was seeing, production still had a long way to go before oversaturating the market - which means that the boom was likely to last much longer than some might think. -[]Recommended Link [Imagine… a simple system that spits out instant income week after week.]( Imagine… a simple system that spits out instant income, week after week. Handing out $980, $1,060, or even $1,300 in cold, hard cash that hits your account the second you click trade… sound too good to be true? That's exactly what Dr. Duarte has been doing for nearly two decades. He's never revealed this to a single person... but on June 2nd, he's letting the cat out of the bag. Interested in adding instant income into your investing arsenal? [Get the full details HERE.]( Either way, I hope you took advantage, because I offered several ideas for investors to profit from... such [Buffett's favorite pick](, for example, or even a [high-upside]( natural gas pick. If you haven't, that's okay. Like I said, there is still time. That's why today I want to discuss a pick I recently made that's a little different than the usual suspects. You see, most picks I've discussed recently have some sort of operation in the Permian Basin in Texas. And rightly so... you can't talk oil in the big picture without talking about the Permian. But this week's idea takes us to Alberta, Canada. Energy Profits From The "Texas of Canada" Also known as the "Texas of Canada," many people outside the oil industry may not realize is that Canada is brimming with oil. In fact, it has more oil reserves in the ground -- at 168 billion barrels -- than Iran, Iraq, or Russia. 98% of that oil is in Alberta… hence the name the "Texas of Canada." And Alberta-based Suncor Energy (NYSE: SU) controls more of those reserves than any other company. Suncor Energy -- and most of Canada's oil -- is in the form of "oil sands." Unlike sweet West Texas oil, the end product from Canada's oil sands is a "heavy," less-desirable form of oil. It requires more processing to make into high-value products. So, naturally, it sells at a discount to West Texas crude oil. But the oil sands are fascinating. To extract the oil, they scoop out the oil sands and load it into a giant dump truck that can hold 400 tons. For reference, a typical dump truck you'd see on the road can carry just 14 tons. The dump truck takes it to the plant where a special process extracts a thick, dense form of crude oil, called bitumen. On the production side of things, the biggest difference between extracting oil sands versus drilling for oil in Texas is the lifespan. In Texas, they drill for oil and can easily pump out oil. That is until the well is dry. With oil sands, once the infrastructure is in place, you just keep feeding the sands into one end and taking oil out of the other end. This gives oil sands a significantly longer lifespan. So, Suncor is the largest oil player in Canada… but it doesn't just make money pulling oil of out the ground… It owns more than 1,850 gas stations across Canada (with the Petro-Canada name). It's also been building electric vehicle charging stations from coast to coast in Canada. It owns refineries. It owns wind power projects. Suncor is what they call an "integrated" oil company -- involved in energy at every step, from yanking it out of the dirt to refining it to selling it to the end-user at their own gas stations. Numbers To Know... In 2021 Suncor generated $39.1 billion in revenue, a big 58.7% jump over the prior year (thanks in large part to higher oil prices). Operating income came in at just over $5 billion, compared with the $2.6 billion loss it posted in 2020. Net income popped to $3.2 billion, while operating cash flow -- our favorite metric -- came in at nearly $9.4 billion. That's a whopping 339.8% improvement over the roughly $2 billion it generated in 2020. The stock offers an enticing dividend of $1.68 per share, giving the company a strong yield of 3.7%. But outside of the strong financials, the stock's true momentum is coming from higher oil prices. And that will continue to be the driving factor for this stock (as well as the other energy recommendations I've made over the past few months). As you can see, that momentum has pushed shares to 52-week highs: Closing Thoughts I do want to note that activist investor Elliott Investment Management is pushing for a shakeup of board members and management while also looking to "unlock shareholder value." This typically means selling some assets and improving operational efficiency. We'll see what happens with this, but like I said, the stock's momentum will ultimately live and die by the price of oil. Remember, as with all of the picks I've made in the energy space recently, I think the likelihood for more upside is good. But you may want to use a sell signal (like a trailing stop) to avoid watching a big chunk of your gains evaporate whenever the momentum in this trade starts to fade. In the meantime, my colleague Nathan Slaughter may have found a pick with even more upside than SU... Located on the West Texas prairie, one tiny company is sitting on the largest oil reserve in history… with enough "black gold" to independently power America for the nest 49 years… You won't see this covered on the nightly news... But some heavy hitters are making big investments in this area -- and this little-known company stands to profit the most. [Go here for details now.]( -[]Recommended Link [Is Texas This Industry's "Canary in A Coal Mine?"]( It might be hard to believe… but oil-rich Texas is America's #2 buyer of electric cars. EVs are no longer just a novelty for wealthy tree-huggers. They're a global megatrend on track to generate as much as $1.3 trillion in wealth. A breaking report reveals the weird technique one company is using to tap into this "gold mine" and distribute recurring payments of up to $3,302 to everyday investors like you. [Click here for details.]( To ensure that you receive these emails, [please add us to your address book.]( Disclosure: StreetAuthority doesn't own shares of any securities mentioned in this article. Members of our staff are restricted from buying or selling any securities for three days after being featured in our advisories or on our website. StreetAuthority is a publisher of financial news and opinions. StreetAuthority is not a securities broker/dealer or an investment advisor and we do not recommend or endorse any brokers, dealers or investment advisors. This work is based on SEC filings, current events, interviews, corporate press releases and publicly available information which may contain errors. All information contained in our newsletters and/or on our website(s) should be independently verified with the companies or sources mentioned. 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