The natural gas liquids midstream space is "relatively defensive," she added.
Here are a few of the stocks that Salisbury's team highlighted with buy recommendations.
"Even in softening oil environment, still surprisingly cheap compared to how much cash could be paid out if capex/acquisitions ever slow even a little bit," Salisbury's team noted.
Finally, Bank of America called out Kinder Morgan , saying it is among the "key beneficiaries of long-term U.S. gas demand inflection in 2025."
As gas demand rises, Bank of America sees a positive catalyst for brownfield gas pipelines — as in, pipelines that are already part of an existing facility, rather than those that are newly built.
Persons:
Jean Ann Salisbury, Kinder Morgan
Organizations:
Bank of America, Enterprise Products Partners, Bank of, Enterprise, Enterprise Products, Williams
Locations:
Lake Charles , Louisiana, Arizona, East Coast, Pacific