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ET - Energy Transfer: DAPL Appellate Court Decision Days Away
Energy Transfer LP
Even with the shutdown order stayed, I’ve spent quite a bit of time in the weeds of the Dakota Access Pipeline case. While it might seem a bit of a waste, it is a necessary effort as the outcome will have profound implications for its owners: Energy Transfer (ET), MPLX (MPLX), Enbridge (ENB), and Phillips 66 Partners (PSXP). We are now days away from a decision that will likely swing valuations at these companies by billions of dollars cumulatively.