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Not a bad day today, is it?!
With oil and gold diving the 9 is staring at us. It will fall below 9 today get ready to load more.
ET recovering nicely today, and a portion of the drop earlier this week was the dividend coming out, which always causes the dividend to automatically come out from the share price overnight. It was only .1525, but we now have that in pocket and mine are automatically reinvested in new shares each quarter at no cost.
Not today it is in the free lead balloon ride mode and at this rate will be below 9 sooner than you think. Unfortunately this stock broke and is dropping like a rock.
"Pipelines are not the market's favorite pick right now and won't be in the future either. ESG and negative political headwinds will plague the market for the foreseeable future.
But, sometimes, negative market sentiment can hide a good turnaround candidate, and I believe that's the case now with ET. Having had an enormously good Q1, thanks to Uri, ET is in a much better place now than it was just at the first of the year. There is virtually no doubt that ET will maintain its investment-grade credit rating, and there is a strong likelihood it will begin raising its distribution sometime early next year barring a negative outcome with DAPL. But DAPL is, of course, looming large in the meantime.
My recommendation is to buy ET with a price potential of $15 before the DAPL decision next March and $20 by the end of 2022 if the DAPL decision is positive for ET. ET could easily hit $25 by 2025. You could hedge your position by buying puts as the DAPL decision approaches."
Everything looks good but the stock dives go figure. time to buy more is the only choice.
"The company is currently directing all its excess cash after paying its current distribution and funding its capital program toward repaying debt. The MLP repaid $1.5 billion in debt during the second quarter, bringing its year-to-date total to $5.2 billion. That gave two credit rating agencies the confidence to affirm Energy Transfer's investment-grade credit rating and revise their outlook on the MLP from negative to stable. As the company continues to improve its balance sheet, it will have more financial flexibility to return additional cash to investors either through a higher distribution or unit repurchase program."
Reporting tomorrow after bell . Expect big numbers. Nat gas has been 4.00 . I have calls yolo’d . Heading to the Ranch for Lobster Mac n cheese or behind Wendy’s !!
Payable on 8/19/2021
Dividend: $0.1525 on 08/05/21 Whooo hoooo!
I added a few more shares on the dip, but I am still at about 1/4 of what I held in the past. Not in any rush to get back there.
Rebounded nicely and over +10% from recent drop
Tremendous move, and a no brainer anywhere down under $10. Congrats
that's a nice scoop....
I will try to trade some shares along the way to 8 which appears to be the next support level. But it bounces so damn much I should still make some $$$. Divs now 7%
With a market in crash mode anything is possible. I am waiting for low 8's.
Just picked some up at 8.965 ... didn't think I could have done that!
Oh yea the divi is fine. Time to load up on some more shares the time is here giddy up for the cheaper shares.
Yeh' I'll buy more in the mid 9's
Bingo below 10 we go. At this rate I have my eye on the 9's. JMHO
With idiot Powell on today and tomorrow it looks good for this to drop below $10. Get ready.
The Republic of Panama and Energy Transfer Announce the Signing of a Memorandum of Understanding to Study the Development of Liquified Petroleum Gas Assets in Panama
https://www.businesswire.com/news/home/20210713005987/en/The-Republic-of-Panama-and-Energy-Transfer-Announce-the-Signing-of-a-Memorandum-of-Understanding-to-Study-the-Development-of-Liquified-Petroleum-Gas-Assets-in-Panama
I have read numerous articles in the last 2 months and all of them agree $ET will be in the $18-$20 range before year end.
I am good with that..
Energy Transfer: Despite Strong Gains, Still Undervalued
https://seekingalpha.com/article/4434849-energy-transfer-despite-strong-gains-still-undervalued
Yup, picked up some today at the low.
I will just scoop up the lows and play their game.
And it will bounce right back as usual, and those of us longer term longs will be glad we did not take any off the table when ET returns to its more normalized trading range in the upper teens - low $20's
Really? Might want to take another look. Remember when I said they will grab the money off the table if you leave it there? Lots of grabbing going on today.
Looking better every day. Higher lows every day. Higher closes every day. That's how uptrend is defined
5.75 million today and someone sold 1 share after hours at bid took it down .04 . I know just paint but this free trading has to have a limit ! Anyway 6/18 10.50s and 11. s still very profitable
I love it :) full send!
There has been a 1.5 million shares buy EOD every day for a while either co. Or other doesn’t matter accumulation is happening and is a nice insurance policy.
Or holding all of it because you know your investment is a good one :)
Imagine selling part to end up with the other part for free lol.
Just as we saw recently, someone sold enough of a significant holding to briefly pull ET down below $11, but it bounced right back up above $11. Cannot imagine anyone selling ET shares right now with all of its recent and projected momentum to the upside.
Negative Blue Leader. Strong support above $11 and ET looking poised for further gains.
EOD sorry these are company buying with those billions made during storms . Co makes a ton of cash on 2.10 nat gas . Gas over 3. 00 all year they are killing it
EOD sorry these are company buying with those billions made during storms . Co makes a ton of cash on 2.10 nat gas . Gas over 3. 00 all year they are killing it
Strong support 1.5 million shares bought EPD all last week continued today. Before you short this BEWARE!
No worries it will be below 11 before the day is out.
Hmm imagine that they wiping money off the table faster than lightning today.
Sure looks that way, what a nice sustained move here, can we call it the Green New Deal ???
I will just go out on a limb and call it that ET has solidly and strongly broken through $11. Now if we could just build a strong base here in the $11.25 - $13 range, ET can then work its way back up into a more normal trading range of $14 - $18, and eventually back above $20
Robinhood should give 1 or 2 freebies a day then charge a fee . Put the market back in order PLEASE
Paper hands and day trades . I just saw a 1 share and a2 share trade REALLY . 11.00 bucks up or down a dime stupid . But that’s what you get with the HOOD letting you trade for free .
ET Chart will get even better going forward. As Jim Cramer emphasized this am "Get into pipelines"! With the current Administration trying to squelch new pipelines the existing ones will thrive even more. I will not sell any ET shares down here and will continue to hold my substantial positions and automatically reinvest all dividends at no charge to me, all in tax deferred retirement accounts.
And, let's not forget that Morningstar still has an $18 Fair Value on ET.
P.S. I also have substantial holdings of KMI in deferred retirement accounts on free auto. dividend reinvestment.
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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