Energy Transfer recorded excellent 4Q 2018 and full-year results.
However, the company is taking a beat-down in Pennsylvania. The Mariner East and Revolution franchises have been shut down or are limping along.
What's going on, who's doing what to whom, and my views about how it will come out are the focus of this article.
Over the past several years, Energy Transfer (ET) has embarked upon multiple pipeline projects centered around Pennsylvania. The largest of these include the Mariner East and Revolution franchises. Broadly, the systems are intended