Energy Transfer LP (ET)

[downthehatch]

Here's one way to look at ET at this price.
If you buy shares today, at 5.20, you'll get a return of almost 6% in the next 45 days.
Not annualized 6%, but 6% in 45 days. (That's over 26% annualized.)

That assumes that there is NO price appreciation between now and May 19.

As some have said, they could cut the dividend by half, which mgmt says is not necessary, and still be paying 13%!