ET - Silver Beech Capital - Energy Transfer Partners: In An Enviable Position With Decades Of Growth Ahead

2024-02-14 20:15:00 ET

Summary

• Because of this restrictive environment that inhibits competition, Energy Transfer Partners is in an enviable position with decades of growth ahead secured by growing demand for American hydrocarbons.
• This is an opportunity to own essential infrastructure that facilitates global energy security and American leadership in the global transition from dirty hydrocarbons (like coal) to cleaner hydrocarbons (like natural gas).
• We believe Energy Transfer’s intrinsic value is more than 40% greater than its December 31 share price.

The following segment was excerpted from this fund letter.

Energy Transfer Partners ( ET )

Energy Transfer Partners owns and operates the largest and most balanced collection of energy infrastructure assets in the United States. ET's assets include 125,000 miles of oil and natural gas pipelines, export facilities on both the Gulf Coast and East Coast, and more than 1 million barrels per day of natural gas liquid fractionation capacity. ET accounts for 20% of worldwide natural gas liquid exports. Further, ET is uniquely connected to every major hydrocarbon basin in the United States....

For further details see: