Energy Transfer LP (ET)

[dude iligence]

specifically own it no later than tomorrow you get .93 per share quarterly dividend. At current price 13.69% annual. Debt/equity 67% bit high. Feb price was $78 dropped to $12 now $27, 50ma $42, 200ma $63.Large gap down $60to$47ish. Analyst targets $32-$70s. IMO will at least run to the 50ma likely to the bottom of the gap or into the gap near term. Long term price of crude will be back in the $50 and OKE will be back $60 paying almost $4 per share per year in dividends. If you sit back and reinvest the dividends before you know it you will have many many more shares. I just bought the house next to mine today (cash) from the estate of the guy I bought my house about 20yrs ago. We worked a verbal agreement over 10yrs ago after he passed I would have first chance to buy the house. He kept his word and put it in writing attached to his will. In that discussion he said he was going to donate the house for a tax right off because he was paying over $250k per yr in taxes on just his dividends which were taxed at 15% at the time. I asked him how he made all his money, he said he bought oil companies and banks mainly that paid good dividends and let them reinvest never selling a share. He donated one of his bank stocks held in perpetuity to provide scholarships just on dividends. It was paying for 10 students a year to go to college. I made very good money on APT Lake and mainly AHPI playing the corona run up now Im putting that money to work in many different solid companies that are steeply discounted and pay good dividends. Unlike the neighbor I wont have to pay any taxes on dividends cause I only trade in Roth IRAs