Stop me if you’ve heard this before, but the Strait of Hormuz is closed once again.
Crude oil jumped 9% Monday on the news, and on cue we have vanilla investors piling into everything and anything with a rig or pipeline attached. It’s an understandable reaction, but we careful contrarians can play this smarter.
Still, the energy sector is cheap after months of investor avoidance, and today we’re going to talk about seven names that pay between 4.8% and 13.9%.
This post originally appeared at Contrarian Outlook.