Energy Transfer LP (ET)

[Tiredofbanks]

Lets look at a bigger picture. I have tracked it for a couple years. The stock has been between 12-15 dollar range for 1-2 years. It was down just under $12 last December, climbed back to over $15 then has sunk back down around $12 again. It seems to drop end of the year and then go back up when the new year starts. But overall it has been pretty steady within a $3 window for a couple years and easy distribution money way better than a bank. Long term I see it doing well and making some progress but they had to get a few things fixed with their numbers. They seem to have done that and things seem to be going in the right direction. Shorts and others are also playing the trade war fears, low oil prices, liberal democratic push for environmental issues and such, but i think they will be driven out soon. They have a big deal going with China and its been somewhat interfered with because of trade war tariffs. It should eventually get resolved and the liberal push for the environment will go by the wayside. some investors didn't like new purchase of Semgroup because they want to see less debt, but this wont hurt debt much and will help them achieve the goals with China and more cash flow. It will smooth out next year, IMO.