Is Energy Transfer (ET) a Buy Following Permian Basin JV?
Energy Transfer(ET) ZACKS·2024-07-19 00:55
Oil and gas midstream firm Energy Transfer LP (ET) recently announced that it has entered into a crude oil joint venture with Sunoco LP (SUN) that combines their crude oil and produced water-gathering assets in the Permian Basin to enhance their operations and financial performances.Energy Transfer has gained 21.7% in the year-to-date period compared with the industry’s increase of 19.9%. The firm has also outperformed its sector and the Zacks S&P 500 composite’s rally in the same time frame.Price Performan ...