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Started By
Message
Is Energy Transfer a good value?
Posted on 11/11/19 at 3:04 pm
Posted on 11/11/19 at 3:04 pm
I have been looking at a long term position in ET because of the super tanker project. I think that would be huge for them if it gets completed. I know their recent quarterly profit missed but everything looks good for future earnings. I don't understand why they are paying such a high dividend.
Any input would be appreciated.
Any input would be appreciated.
6
Posted on 11/11/19 at 3:19 pm to Bone06
Have you ever heard of Energy Fintwit (#EFT)? No? Get the twitters on your phone and look up mrs. skilling...have a white claw while you're at it. 
Posted on 11/11/19 at 3:27 pm to Bone06
My short answer is "yes". I think it's a name that was already beaten down (for good reason) and then the entire midstream sector has taken quite the beating over the last 6 months.
I wouldn't advise anyone to buy into ET, but I myself, am.
I wouldn't advise anyone to buy into ET, but I myself, am.
Posted on 11/11/19 at 4:50 pm to Bone06
quote:not really. Don't get caught up in those headlines for MLPs
I know their recent quarterly profit missed
quote:They kind of aren't. Unit price is taking a beating so yield is naturally higher. Their coverage this past quarter was 1.9X, and self funding cqpital projects with the 0.9.
I don't understand why they are paying such a high dividend.
I would advise against it simply because not only the sentiment on that sector is out of whack, ET has also made enemies in Wall Street. Double whammy.
But yeah, the fundamentals are there.
Posted on 11/11/19 at 10:02 pm to cwill
The energy fin twit mob led by Mr Skilling is one of the greatest gifts of the internet/twitter. Have been following since the beginning. There’s only a few midstream names I would consider touching and ET isn’t one of them. Long only investors are fleeing midstream in droves. Would also consider reading mlpguy.com each week if you’re interested in the space.
Posted on 11/13/19 at 9:11 am to Bone06
An #EFT sampling:
Posted on 11/13/19 at 9:23 am to cwill
Posted on 11/13/19 at 12:13 pm to Bone06
I’ve owned it since before the merger and it was ETP. I’m down 20% at this point, and it just never seems to get out of its own way. The dividend is pretty high. I collect almost 50 shares this year through the drip.
I’m in no man’s land with it, so I keep it. Would I get into it today? Probably not.
I’m in no man’s land with it, so I keep it. Would I get into it today? Probably not.
Posted on 11/13/19 at 3:50 pm to Jp1LSU
Couldn't resist when it dropped to 10.90 today I snapped up 1,000 shares. We will see where it goes.
Posted on 11/15/19 at 2:24 pm to cwill
quote:
#EFT
How am I just now seeing this. I live it
Posted on 11/15/19 at 2:27 pm to sneakytiger
Join the party and start shite talking the shitcos.
Posted on 11/15/19 at 3:27 pm to cwill
Posted on 11/15/19 at 9:06 pm to sneakytiger
Jesus, was just laughing about this in another thread I may bail
Posted on 11/16/19 at 4:13 pm to Bone06
They won’t be the ones to get the tanker project done. Don’t invest based on that.
Posted on 11/16/19 at 4:47 pm to keepAMERICAstrong
Yeah the market can only support one of those. It's going to be a race. Right now EPD has the lead with their Chevron contract. Think they even went FID a quarter ago.
Posted on 11/17/19 at 2:37 pm to Enfuego
quote:
energy fin twit mob
These guys are hilarious, any idea if there's any power industry follows like this?
Posted on 11/25/19 at 12:28 pm to Bone06
Sold at 12.30 
not bad. I know I said long term but figured I would take the profit and see where it goes.
not bad. I know I said long term but figured I would take the profit and see where it goes. 
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