Why My Top Inflation Pick Still Has Room To Run: Energy Transfer

Summary

  • Back in November of last year, I doubled down on ET despite it dropping significantly.
  • Since then, I have been rewarded with massive outperformance.
  • I revisit the investment thesis to explain why I think there is still good upside ahead.
  • Looking for a portfolio of ideas like this one? Members of High Yield Investor get exclusive access to our model portfolio. Learn More »

Business arrow increase of success graph and growth stock market earnings financial on profit income background with diagram chart investment.

Lemon_tm/iStock via Getty Images

Back on November 30th, I wrote:

Energy Transfer (NYSE:ET) is one of my highest conviction investments at the moment. This makes its recent downward spiral - losing nearly a quarter of its value since June - a tough pill

Access Our Exclusive Interview With Energy Transfer!

We recently shared an exclusive interview of Energy Transfer with the 1,300+ members of High Yield Investor and you can get access to it for free!

Simply join us for a 2-week free trial and you will get instant access to all our exclusive management interviews, Top Picks of the moment, 2 Model Portfolios that have crushed the market since inception, Course to High Yield investing, Tracking tools, and much more. You won't be charged a penny during the free trial, so you have everything to gain and nothing to lose!

Graphical user interface Description automatically generated

This article was written by

42.18K Followers

Samuel Smith has a diverse background that includes being lead analyst and Vice President at several highly regarded dividend stock research firms and running his own dividend investing YouTube channel. He is a Professional Engineer and Project Management Professional and holds a B.S. in Civil Engineering & Mathematics from the United States Military Academy at West Point and has a Masters in Engineering from Texas A&M with a focus on applied mathematics and machine learning.

Samuel leads the High Yield Investor investing group. Samuel teams up with Jussi Askola and Paul R. Drake where they focus on finding the right balance between safety, growth, yield, and value. High Yield Investor offers real-money core, retirement, and international portfolios. The service also features regular trade alerts, educational content, and an active chat room of like-minded investors.

Perspective: "Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves do not break in or steal; for where your treasure is, there your heart will be also ... For what will it profit a man if he gains the whole world and forfeits his soul?" ~ Jesus (Matthew 6:19-21; 16:26)

Learn more

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ET, EPD 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.

Recommended For You

About ET Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on ET

Related Stocks

SymbolLast Price% Chg
ET
--