Energy Transfer: Still Discounted According To Graham
ETEnergy Transfer(ET) Seeking Alpha·2024-03-22 22:26

olm26250/iStock via Getty Images ET is a still a buy My last article on Energy Transfer LP (NYSE:ET), published in Oct 2023, argued for a strong buy thesis. The argument was largely built on the potential for oil price recovery, considering catalysts like the persisting inflation and the Israel-Gaza conflict. Energy Transfer stock prices have indeed rallied strongly after that, by almost 13% (see the next chart below). The stock price now sits near a 52-week high, and also close to the highest level in more ...