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Energy Transfer LP (ET)

NYSE - Nasdaq Real-time price. Currency in USD
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11.89+0.16 (+1.32%)
As of 03:54PM EDT. Market open.

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  • M
    Michael
    Many of guys are not going to like this. On Cramer last evening, a caller asked about ET. Cramer replied that Leon Cooperman has had good things to say about Kelcy Warren and ET and that Cramer would be a buyer. Cramer said the units are cheap.
  • M
    Michael
    I have been censored twice for simply reporting that articles on Yahoo Finance suggest that OPEC+ has agreed to a 2M bbls/day cut. These reports indicate the US may drain more crude from the SPR in response. I cannot, apparently, report my opinion as the motivations of the administration to drain a strategic resource.
  • P
    Pipewelder
    ET today announced that it plans to release earnings for the third quarter of 2022 on Tuesday, November 1, 2022, after the market closes.
  • m
    michael
    you need to google "Illinois Regulators Approve Expansion of Dakota Access Pipeline".

    I guess they got approval to expand the pipeline through put
  • C
    Colin
    This OPEC decision makes it increasingly unlikely the Army Corps will shut down DAPL. We will need that oil.
  • S
    Stuart
    I read here to find out if someone knows something I don't most of what I get is entertainment tonight
  • D
    Dan Tanna
    To sum up Lama's trading record in ET.....
  • P
    Pipewelder
    Saudi Aramco CEO Amin Nasser said Tuesday that the world is misreading the oil market and also reiterated warnings that a pick-up in economic activity would erase spare oil production capacity.
  • M
    Michael
    Crude is down and energy stocks are down pretty big. This must be a "sell the news" event. With China demand slowly recovering, I think crude grinds higher into year end. The SPR release has drained that reserve to dangerous levels, the lowest in 40 years. Apparently, that action will continue as a means to counter OPEC+, but at some point we will run out of crude in the SPR. OPEC+ is playing the long game and the administration is playing the game until early November for some strange reason, lol.
  • D
    Dan The Man
    This is what senile Uncle Joe gets for risking the oil security of the country by tapping the SPR to flood the US with oil for purely political reasons. Just suppose IAN hit the most concentrated section of offshore oil and gas rigs with the ferocity that fell on southwest Florida. What would Joe do with a big chunk of Gulf production and several refineries out of action for several weeks or months?

    OK, Joe, you released 1 million barrels per day, we'll match and raise you another million.

    Their SPR is bigger than Joe's depleted SPR.

    I just hope it hits gasoline prices hard enough before the election.

    Serves him right for plating politics with the nation's STRATIEGIC (not political tactical) Petroleum Reserves.

    Don't forget to vote.
  • j
    john
    Distribution increasing to 1.02 at least this coming quarter.
  • J
    Jim
    OPEC just sent Joe a clear message. expect gas prices to rise again and using the SPR as a political tool won't help this time
  • j
    jtdouble
    ET should be trading at least 15 bucks now still a lot of grounds to cover here !!
  • M
    Michael
    Cantor Fitzgerald just did a 180 yesterday calling for the S & P to finish the year strong. 10 days ago, they were extremely bearish. They now think the Fed will pivot as the economy deteriorates and that the hikes will end after the November hike. And they said that a V shaped recovery starts when the Fed stops hiking rates, historically.

    The JOLTS report was a good one with job openings falling the most in 2 1/2 years. However, job openings are still elevated and I do not see the Fed pivoting based on this report. We get the jobs number at the end of this week which will be very telling since wage growth is very sticky and will only come down when we start to see large job losses.

    Personally, I think this is still a bear market bounce. We could bounce to 3,900, the upper range of the downward trend of the S & P. I would raise more cash at that point. I see earnings coming down to the $220 range in 2022 and if the dollar remains strong, the economy continues to slow and inflation remains elevated, earnings in 2023 will take a hit and we could see earnings fall a bit more in 2023. When you put a 16 handle on $220, you get a S & P at 3,500 which is where I think we end the year. I see two more rate hikes totaling 125 basis points. Perhaps the Fed pauses at that point to buy more time to see the impact of the hikes. I see no way the Fed cuts rates unless the economy goes into a deep recession.

    We will learn tomorrow what OPEC+ plans to do with supply. They are firmly in charge of crude prices. And they want the futures market to reflect the fundamentals of the industry.
  • s
    silver
    So far.............. another good day for the CHEER TEAM!!!
  • T
    TB 12
    Are gas prices going higher Joe?
  • P
    Pipewelder
    OPEC announced today they will reduce production by 2 million barrels per day starting in November. 
  • m
    majcigar
    Everyone talks about the BIG move up we have been hoping for!!!
    Buckle your Seat Belts! This may be the beginning!
  • T
    Tim
    EPD just announced distribution payday. Will ET’s distribution announcement include a increase this quarter? It might push this into the $12 -$13 range in a hurry!
  • M
    Michael
    A Wall Street strategist, CEO of Hedgeye Risk Management, recommends prayer. He thinks this could be like 2007 and 2008 all over again. He strongly recommends cash, the US dollar, gold, utilities, nat gas (not crude), dividend payers and MLP's.

    I have wondered why MLP's are not being flocked to by investors. They pay high dividends that are very likely sustainable and a tax treatment that is very favorable (return of capital vs. dividend). You would think that investors looking for income in these troubled times would be bidding up MLP's.