Energy Transfer Remains A 'Buy' Amid The U.S.-Iran Escalation
2026-03-02 09:20:00 ET
No Need To Sell ET On Its Rip
As I'm writing these lines, mostly global gold producers and US-based energy companies are on the pre-market rise - most other high-beta stocks (especially tech and communication representatives) are down on the US-Iran conflict escalation. Energy Transfer LP ( ET ) units are rising as well, although the firm is a midstream player who doesn't have a clean direct exposure to the rising commodity prices. Plus, the company depends mainly on the gas/NG prices, not crude oil. However, as far as I understand, ET is indirectly benefiting from higher oil production in the US, as the need for its pipes/terminals skyrockets when the US producers start to produce more hydrocarbons....
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Energy Transfer Remains A 'Buy' Amid The U.S.-Iran Escalation
NASDAQ: ET
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