Energy Transfer: 8% Yielder With An Enhanced Growth Profile
Summary
- Energy Transfer has been one of my top picks in the midstream space.
- Since my issuance of my bull thesis, ET outperformed its closest peers by a notable margin.
- This could raise the question of a potential overvaluation.
- In this article I explain why this is not the case and why I am still maintaining my buy rating for ET.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.