Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Some folks believe this is an opportunity, and some folks push doom and gloom. The way I look at ET is, it went up because of politics and it has come down because of politics. People are feeling the consequences of the latter political move. Odds are that political pressure will eventually take effect. I am in no hurry as I am collecting money every quarter. ET is not going away.
Weve been here before.
Hmm so 8's are here imagine that. Are we believers yet?
Dividends were a heck of a lot better a couple of years ago. I think they were 4 times what they are now.
That is exactly right. Fortunately the shares I have are free as I bought and sold to achieve that status. Let the price drop and keep the dividends a flowing.
Anyone that is unhappy or does not have the patience to hold ET is free to dispose of their shares any time they feel they need to.
Reinvestment of the next distribution will be at a favorable share price. Not worried long term.
Throw on top of the oil diving the 2M settlement for fine ET has to pay for pipeline explosion in Pennsylvania no wonder this thing is in free fall. Look out below!
Uh huh oil down 3% today in your "short term" but ET doesn't worry about that........as it is diving like a rock. Really? Oil drops ET drops period.
Lol, short term thinking, I am not in this for a short term gain. Politics has brought the energy market down. Politics will take it back up. Meanwhile I am happy to accept my Divi. If it goes to $8.00
I will simply buy more shares and increase my income. I dont believe for a moment that ET is going to disappear any more than I believe fossil energy is going to be replaced.
Well that is good then because it will hit 8 before it ever hits 18 lol. So much for not thinking the price of oil has nothing to do with the price of this etf lol.
Not a problem for me. I could not care less about the 18.00. If it hits it great, if not that is fine also.
I know exactly where oil is coming from. I know exactly what oil has been doing. What I don't know, and what I was referring to, is where is the call for $18.00? This thing hasn't even seen $11 for a very long time. Only thing anyone can do is enjoy the divi and buy more at lower prices.
Think about what you just said then ask your self (where is this oil coming from)? ET does not do much transportation of Saudi or Russian oil. For about the next 3 years (more than likely) oil production in ETs market will not be what it was. I think considering the circumstances ET is performing very well. Oh any by the way, I am enjoying the nice distribution.
NBD. Picked up another 6.6% distribution today and will have all of it automatically reinvested in more ET shares down at these bargain basement prices when it pays out later this month. ET is undervalued down here long term and its day will come.
Back to the free lead balloon rides again. Oil at the highest it has been for years and still going up. What happen to the $18 call this was going to? Not gonna happen.
Agree. The lawsuits are just a normal part of operating a large business.
Lol. Law suits are nothing new. Do a little DD
Yup but now the lawsuits are rolling in so this should be below 9 sooner than later. Glad I sold some at the 10.20 on the fourth. Will wait with the shares I have for free for it to get back to the 8's and buy some more.
I am holding tight to what I have, but not buying any more right now.
Those shares down under $9 are looking nice right now and will look even better going forward.
Energy Transfer looks good for Monday
Yep exactly my thinking. Added some at $8.69 two of days ago. Should pay off, hopefully
I agree and since it is a dividend stock the ups and downs don't really make a big difference. When it dips low buy more.
Sentiment. And guess what, sentiment tends to change overtime. But if you (generalizing) wait too long you may still benefit from sentiment change, but you will have missed great entry opportunities.
Financially this company is in better shape than it has been in years.
Uh huh that is why it is diving like a rock. If a company makes 60m they don't dive like a rock. There something else here that is hurting this.
They lost roughly $1.5B in market cap, yet their fundamentals today are better than Friday. They average $20M in FCF every single day. Which means they've made $60M since last week already. So, no biggie.
I feel like this is not stock-dependent today. A lot of irrational behavior in the market, but that's the story of the last few years anyhow.
There ya go we are definitely on a "Lead Balloon" ride. In the olden days a day like today would be considered a crash.
No worries though this will be in the 8's tomorrow sit tight.
I had it called for 9 missed by .02. I ain"t
smokin nuttin. What you drinkin?
Whatcha smokin
Come on 9 I know you can do it and then we will head on down to the 8.70's
This led balloon will be 9 shortly get ready to pick some up.
Oh ok yesterday all energy surges up and ET plunges go figure.
Lol, that is not a led baloon. That is a small blip. I have been here long enough to experience the led baloon. All will be fine.
Looks like free led balloon rides today diving like a rock.
Still holding a few and will have a few more when the deal closed on the aquisition.
I am missing no point I know good and well what the potential is for this. I just point out when is a good time to add more. I own 5000 shares of this well below what the price is today. Best of luck too you.
You're missing my point. Company is worth significantly more. Who cares about day to day fluctuations.so it's sub $9 today,.maybe $8.50 tomorrow or $10 next week. This is heading well above $15 eventually - stronger balance sheet, debt reduction. Energy is in demand.
Really? Look at futures it is below 9.
Here it comes just like I said. Get ready 9 at close.
Be 9 before you know it sit tight.
So much for that ride today we have free lead balloon rides.
Nope was good. We needed it.
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.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |