ET - Energy Transfer: Distribution Increases And Fair Value Based On Peer Valuations
- Over the years Energy Transfer has been a dog as unitholders have experienced a 50% distribution cut alongside declining unit prices.
- I conducted a full analysis against EPD, ENB, KMI, and MPLX and ET is drastically undervalued as it generates the most revenue, Adjusted EBITDA, and DCF while having the best valuations.
- The recent decision out of FERC may have just increased the value of ET's assets overnight as it will be even harder to build pipelines in America.
- I believe shares of ET should trade for at least $24.66. If that happens is a different story, but I will be adding to my position at these levels.
For further details see:
Energy Transfer: Distribution Increases And Fair Value Based On Peer Valuations