The energy sector has seen its fair share of volatility and transformation in recent years, and 2024 is shaping up to be another pivotal year. With the continued push towards renewable energy and decarbonization, traditional oil and gas companies are adapting their strategies to stay competitive. Even as energy demand is broadly expected to surge, McKinsey reports that gas “is the only fossil fuel expected to grow beyond 2030.”
As the energy transition unfolds, companies like National Fuel Gas (NFG), with its established utility infrastructure and integrated exposure to natural gas (NGK24), could be worth considering for income-minded investors. This is a Dividend King that not only promises stability with its impressive track record of dividend growth, but also presents an attractive investment opportunity, given its current undervaluation.
