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No reason to worry whatsoever. Great long-term hold, but just be mindful of the fact that, if you hold this outside of a tax-deferred retirement account the tax filing can get a bit complex as it is still a LP. You timed it perfectly after the big drop right after COVID hit.
And this new deal makes ET even more golden.
Energy Transfer: Kevin O'Leary Says Energy Looks Golden - I Agree
https://seekingalpha.com/article/4584342-energy-transfer-kevin-oleary-says-energy-looks-golden
9.5% yield now at recent share price range. Can't beat that. And I continue to automatically reinvest all dividends/distributions in new ET shares at no cost to us.
Great news out! ET has returned to its prior level of distributions with this latest increase in the distribution for Q4 2022 to .305 or $1.22 on an annualized basis!
The distribution per unit is an approximate 75 percent increase over the fourth quarter of 2021 and is a 15 percent increase over the third quarter of 2022
Nice close above $13.
Nice new 52-week high of $12.98 this am. And the gains just keep coming for this high-yielding gem.
WOOHOOOOOO WEEEEEEEEEEEEEEE ET$
That’s my target price for ET$
I will keep adding ET$ WOOHOOOOOO
ET$
BUYING BUYING BUYING ET$ $30 TARGET PRICE WOOHOOOOOO
Energy Transfer is a Texas-based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to approximately 71,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines today, the Energy Transfer family of partnerships remains dedicated to providing exceptional service to its customers and attractive returns to its investors.
Through several transformative transactions, we have expanded our scope of services. While we remain committed to the natural gas industry, we enhanced our diversified portfolio of assets by making a strategic entrance into the NGL business through the acquisition of Louis Dreyfus’ NGL storage, fractionation and transportation operations in 2011. In 2012, we acquired Southern Union Company, a leading diversified natural gas company, which expanded our national footprint and added more than 20,000 miles of gathering and transportation pipelines to our portfolio. We made a strong entrance into the crude oil and refined products business by acquiring Sunoco, Inc. in 2012, including its interest in Sunoco Logistics Partners L.P. (NYSE: SXL). We expanded our reach in the refined products and convenience store business with the acquisition of Susser Holdings Corporation, including its interest in Susser Petroleum Partners LP, (now Sunoco LP - NYSE: SUN). These acquisitions, together with our already robust asset base, have enabled Energy Transfer to become a premier provider of services to producers and consumers of natural gas, NGLs, crude oil, and refined products.
Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited partnership which owns the general partner and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE:ETP), approximately 23.6 million ETP common units, and approximately 81.0 million ETP Class H Units, which track 90% of the underlying economics of the general partner interest and IDRs of Sunoco Logistics Partners L.P. (NYSE:SXL). On a consolidated basis, ETE's family of companies owns and operates approximately 71,000 miles of natural gas, natural gas liquids, refined products, and crude oil pipelines.
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