Energy Transfer LP (ET)

[sumotrader]

Huge risk here. 15% dividend likely to be suspended and payout ratio is 1.14. ETE has to use debt just to cover it's current dividend let alone operating costs.

Williams deal more likely to fall apart as both companies have near junk credit ratings and dismal balance sheets. Credit facilities will be hard to acquire.

Best of luck, this is still a short after Friday's pop on short covering.

More pain to come for WTI and energy sector IMO.