Energy Transfer: Preferred Shares Remain Attractive Despite Lower Resets

Summary

  • We had highlighted the preferred shares of Energy Transfer a year back.
  • They have delivered steady returns and avoided the drama associated with the common shares.
  • All 3 are poised to reset lower in the next couple of years, and we look at which is the most attractive.
  • I do much more than just articles at Conservative Income Portfolio: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »
Sioux Tribe Rallies For Environmental Review Of Dakota Access Pipeline In DC

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Energy Transfer LP (NYSE:ET) is never far from a controversy. Whether it is environmental concerns, a legal challenge or another acquisition, ET has given news channels more excitement than any other midstream firm. While the common shares have been quite volatile, the preferred shares

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This article was written by

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Trapping Value is a team of analysts with over 40 years of combined experience generating options income while also focusing on capital preservation. They run the investing group Conservative Income Portfolio in partnership with Preferred Stock Trader. The investing group features two income-generating portfolios and a bond ladder.

Trapping Value provides Covered Calls, and Preferred Stock Trader covers Fixed Income. The Covered Calls Portfolio is designed to provide lower volatility income investing with a focus on capital preservation. The fixed income portfolio focuses on buying securities with high income potential and heavy undervaluation relative to comparatives. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ET either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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