Energy Transfer LP NY:ET

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2 weeks 5 days ago #122407 by alexgreat
alexgreat created the topic: Energy Transfer LP NY:ET
I bought this dividend pick of Ron's as well and it is off to a great start. Got in at $14.60

ET is the same situation with two Canadian oil&gas pipeline company s Pembia and Inter
Pipeline. A few years ago they were knocked down to ridiculous levels with the slump in oil prices, despite the fact their revenues have little to do with oil prices. Regardless of price, oil still will be delivered via pipelines. Energy Transfer has been knocked down in price because of the sudden drop in Oil combined with a panic market sell off in December. The stock fell from $17 in October to $12 at the December lows. It
has rebounded but still is very attractive with a 8.4% dividend yield.

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