2024-05-22 09:00:00 ET
Summary
- Energy Transfer is trading above pre-pandemic levels, with units appreciating by 16.88% in 2024.
- The demand for energy and the need for energy infrastructure continue to grow, providing opportunities for companies like ET.
- ET's revenue and profitability are protected by fee-based contracts, and it is undervalued compared to its peers in the industry.
Energy Transfer ( ET ) is finally trading above its pre-pandemic levels, after crashing to below $5 during the pandemic. Units of ET have appreciated by 16.88% in 2024, and my claims that ET should trade for a minimum of $17.26 look more realistic as time progresses ( can be read here ). While technology controls the narrative, there has been an opportunity in the energy sector that went unnoticed by many investors....
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Energy Transfer Still Looks Undervalued Yielding 7.87%