PSXP - Energy Transfer's Bakken Upside
Energy Transfer LP (NYSE:ET) owns just over 36% of the entire Bakken Pipeline, a crude oil takeaway system that runs from North Dakota over to Illinois and ultimately on down to the US Gulf Coast. As the operator of the consortium, it's really up to Energy Transfer LP to push forward with new growth endeavors and that's just what management intends on doing. This joint venture offers up a prime example of how Energy Transfer LP is able to target lucrative growth opportunities across its existing asset base and highlights how valuable pipe