Energy Transfer LP (ET)

[Nightridertwou]

https://www.marketwatch.com/investing/stock/et Do you see mid teens in the last year?

[nwtf]

Be careful----he just might tell you how old he is and how good of a trader he is. LOL

[Prudent Capitalist]

ROTFLMFAO!!! Yes, by all means review the charts!! You stated that ET had "never seen 20's and hasn't even traded in the mid-teens," which was pure fiction. Anyone who has reviewed the chart knows it has traded in the mid-teens and low $20's not that long ago, i.e. within the past 2-3 years, and in the $30's as recently as 2015.

Look at the charts! I am not here to assume that nobody doesn't look at the charts ffs.

[Nightridertwou]

Also I have been in ET since it was 5 and have done very well with it. Who cares?

[nwtf]

Its not anyone elses job to figure out your bullshit posting. Ive been in this issue for quite a while so I knew your post was bullshit. FFS Now move along.

[Nightridertwou]

Look at the charts! I am not here to assume that nobody doesn't look at the charts ffs.

[nwtf]

You seem to like telling everyone youre older and how long youve been trading.
Doesnt mean youre good at it.

Oh BTW if you are going to post some stats be sure and also include the time frame for context. I would think some one as old as you would know that?

[wshaw14]

If one is peaking of within a certain term, one should state the term and not say never. ET is doing fine, has done fine and do fine for the forseeable future do fine IMHO.

[wshaw14]

If one is peaking of within a certain term, one should state the term and not say never. ET is doing fine, has done fine and will for the forseeable future do fine IMHO.

[Nightridertwou]

I am talking about the last few year look at the chart ffs. I am older than you are and have been trading for 30 fricken years.

[nwtf]

Do some research. Most older investors do that.

[Prudent Capitalist]

You might want to review a historical chart. ET traded in the $30's within the past 7-8 years, e.g. 2015 and traded in the $20's more recently than that. ET traded in the mid-upper teens pre-COVID and did not drop below $12 until COVID hit in early 2020.

[Nightridertwou]

Yea right this thing has never seen 20's and hasn't even traded in mid teens.

[wshaw14]

I agree. I am still holding a few shares,but not buying right now.

[Prudent Capitalist]

Disappointing to see the pullback from the May-June highs, but ET is holding up better than many tickers in the energy sector. I w9ill just keep holding and reinvesting all of the significant dividends down here at these undervalued levels to increase my stake. ET will return to its previous normal trading range in the mid- teens - low $20's in time

[wshaw14]

I would not get too excited about business with China. I expect serious friction in the not too distant future and a contract with China may very well mean nothing. JMHO

[fink]

ET scores a 25 contract from China.
I guess China is no longer pissed at America.

Why are we selling them gas if they are such duchebags?
Brandon must have gotten a call on the green phone.
More dirty fossil fuels. LOL

[Level2Me]

Easy money here. + Distribution.
Man, when distribution is restored back to $1.22 (not if, but when), my ROI here will look splendid

[Prudent Capitalist]

And they plan to return the payout to prior levels in time.

[Level2Me]

My position is going to look really good once the distribution is back at $1.22
And assuming 6-8% yield, PPS should be another 30-40% higher.

[nwtf]

36% increase to the dividend. Up to .20. Goal is to get back to 1.22 yearly.

[wshaw14]

Energy Transfer Announces First Quarter 2022 Earnings Release and Earnings Call Timing
https://apnews.com/press-release/business-wire/business-earnings-f3ac76435bc44b9bbba1187a91e20082?msclkid=2ed1c386c0e711ec9ba17e9b4f577240

[wshaw14]

Energy Transfer and ENN Sign 20-Year LNG Sale and Purchase Agreements for Lake Charles LNG

https://ih.advfn.com/stock-market/NYSE/energy-transfer-ET/stock-news/87683284/energy-transfer-and-enn-sign-20-year-lng-sale-and

[fink]

We are in a weird place today.
Oil prices have gone up to political manipulation.
Even my dog can see that.
Come Nov, Biden becomes neutered. His moronic energy agenda will be killed. EVs are cool for inner city limited trips to run errands, but it will not replace combustion engines. First off, the infrastructure and battery technology is just not there. The graphene battery is the holy grail but too expensive.

Common sense says America will be drilling like mad again. Net exporter again. Oil will drop like a rock.
ET needs to bank over the next 2 years. I love the push for a bigger foot print in the Liquid nat gas space.

[fink]

Gas prices should have had this stronger than this.

[wshaw14]

It is getting close to my target to add some more.

[wshaw14]

I agree.

[Prudent Capitalist]

Favorable transaction that will enable ET to pay down more debt:

The agreement allows Energy Transfer to divest its high-quality Canadian assets at an attractive valuation to further deleverage its balance sheet and redeploy capital within its U.S. footprint.

[wshaw14]

Energy Transfer Executes Definitive Agreement to Sell Its Interest in Energy Transfer Canada

https://ir.energytransfer.com/news-releases/news-release-details/energy-transfer-executes-definitive-agreement-sell-its-interest

[Level2Me]

30%+ short term upside. Nice!

[Level2Me]

Yes, very good news. Market is irrational, so this PPS still lingers close to $10. Oh well, I guess we keep DRIPping

[Prudent Capitalist]

Raymond James Maintains Strong Buy on Energy Transfer, Raises Price Target to $14

[Prudent Capitalist]

Great blowout earnings report with strong beat on both top and bottom lines. But the best thing to come out of the earnings release and conference call was this:

ET stated that it will evaluate potential increases to distributions on a quarterly basis, with the "top priority" of returning quarterly distributions to the previous level of $.305/unit, or $1.22 annualized.

[peterquinnvet]

Doing good so far! Check it out
https://finance.yahoo.com/quote/ET/news/

[Prudent Capitalist]

Agree. ET +2.3% today and shaping up to close out the week strongly.

[BIGJJB]

BTU just reported huge earnings! ET will do same but jerks in Washington have investors worried but they can’t get around it w/o gas and coal the world won’t spin

[wshaw14]

Many folks are still frightened away from this sector because of what we now have in Washington DC.

[Prudent Capitalist]

Back above $10 and new lager capital distribution/dividend is on the way soon. And let's not forget the recent (12/8/21) article in Entrepreneur which pointed out that ET was/is still trading at just 5.6 times forward earnings, is rapidly paying down debt, reducing long term debt by $6 Billion thus far this (last) year, has plenty of free cash flow, and that ET's 12-month median price target is $14.

[nwtf]

Its got a long way to go to get back to what it was.

[jwood9207]

I hope so. I'm surprised it didn't jump more after the increase in dividend.

[Level2Me]

Near two-months high. Looking forward to 52W high relatively soon.

[wshaw14]

Energy Transfer Announces Increase in Quarterly Cash Distribution
https://ih.advfn.com/stock-market/NYSE/energy-transfer-ET/stock-news/87099727/energy-transfer-announces-increase-in-quarterly-cahttps://ih.advfn.com/stock-market/NYSE/energy-transfer-ET/stock-news/87099727/energy-transfer-announces-increase-in-quarterly-ca

[wshaw14]

I import all tax reporting directly to my tax return electronically from my brokerage through my tax software. It does all the work for me.

[Prudent Capitalist]

And recent (12/8/21) article in Entrepreneur pointed out that ET is still trading at just 5.6 times forward earnings, is rapidly paying down debt, reducing long term debt by $6 Billion thus far this year, has plenty of free cash flow, and that ET's 12-month median price target is $14.

[Callmedragon03]

This has $12 potential in the next few months. Suppressed energy stock going into winter. No reason people shouldn’t be loading up for the dividend that’s coming either with their cash flow and % dividends compared to market

[nwtf]

Yep just buy and trade. Gains or losses

[Invest83838]

If one buys and sells ET without taking any dividend

are there still tax reporting issues?

I have held some oil & gas MLPs in the past and took the dividend and then had to do all the associated tax reporting.

So just wondering if one does not take the dividend, is it just a buy and sell trade?

[Prudent Capitalist]

Understand. Learned that lesson holding MLP's and LP's outside tax-deferred retirement accounts years ago with KMP and now only hold ET and others in tax deferred retirement accounts. KMI took the entire KMP MLP inside KMI and that is not an issue over there now.

[downthehatch]

FYI: I'm out of ET, to simplify tax reporting.
Invested in IYE energy shares on recent dips at a little under $30.

I still like ET; Don't like the structure and tax issues it creates.

[Nightridertwou]

Prime opportunity today as now we tip into the 7's. Better back the truck up even if oil goes up this thing goes up then takes a dive.