ET - Energy Transfer: Solid Results Sustainable 7% Yield Good Growth Potential

• Energy Transfer reported phenomenal results year-over-year, which is partly due to the continued recovery that we have been seeing in the energy industry.
• It is uncertain how strong the company's forward growth prospects are given the attitudes that many upstream producers have been expressing about stagnation.
• Energy Transfer does still have more growth projects than many other midstream companies, which should benefit it over the next year or two.
• The company's recent acquisition of Enable Midstream provided it with opportunities to exploit the growing demand for LNG.
• The 6.97% forward yield is easily sustainable and the company has more than sufficient room to increase it.

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