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Bone06
USA Fan
USA
Member since Feb 2008
1846 posts

Is Energy Transfer a good value?
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.


cwill
Member since Jan 2005
42477 posts

re: Is Energy Transfer a good value?
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.


SouthMSReb
Ole Miss Fan
Member since Dec 2013
2599 posts

re: Is Energy Transfer a good value?
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.


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castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
64845 posts
 Online 

re: Is Energy Transfer a good value?
quote:

I know their recent quarterly profit missed
not really. Don't get caught up in those headlines for MLPs

quote:

I don't understand why they are paying such a high dividend.
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 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.


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30
Enfuego
Tulane Fan
Nola
Member since Mar 2009
9472 posts
 Online 

re: Is Energy Transfer a good value?
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.


cwill
Member since Jan 2005
42477 posts

re: Is Energy Transfer a good value?


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
64845 posts
 Online 

re: Is Energy Transfer a good value?




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Jp1LSU
LSU Fan
Key West
Member since Oct 2005
1560 posts

re: Is Energy Transfer a good value?
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.


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Bone06
USA Fan
USA
Member since Feb 2008
1846 posts

re: Is Energy Transfer a good value?
Couldn't resist when it dropped to 10.90 today I snapped up 1,000 shares. We will see where it goes.


sneakytiger
LSU Fan
Member since Oct 2007
2279 posts

re: Is Energy Transfer a good value?
quote:

#EFT


How am I just now seeing this. I live it


cwill
Member since Jan 2005
42477 posts

re: Is Energy Transfer a good value?
Join the party and start shite talking the shitcos.


sneakytiger
LSU Fan
Member since Oct 2007
2279 posts

re: Is Energy Transfer a good value?




wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
2161 posts

re: Is Energy Transfer a good value?
Jesus, was just laughing about this in another thread I may bail


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keepAMERICAstrong
LSU Fan
Tiger Stadium or the Box...
Member since Aug 2008
350 posts

re: Is Energy Transfer a good value?
They won’t be the ones to get the tanker project done. Don’t invest based on that.


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
64845 posts
 Online 

re: Is Energy Transfer a good value?
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.


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10
FunroePete
LA-Lafayette Fan
The Big Cheezy
Member since Dec 2012
1513 posts

re: Is Energy Transfer a good value?
quote:

energy fin twit mob

These guys are hilarious, any idea if there's any power industry follows like this?


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10
Bone06
USA Fan
USA
Member since Feb 2008
1846 posts

re: Is Energy Transfer a good value?
Sold at 12.30 not bad. I know I said long term but figured I would take the profit and see where it goes.


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