Energy Transfer Still Looks Undervalued Yielding 7.87%
ETEnergy Transfer(ET) seekingalpha.com·2024-05-22 21:00

PM Images Energy Transfer (NYSE:ET) is finally trading above its pre-pandemic levels, after crashing to below 5duringthepandemic.UnitsofEThaveappreciatedby16.885 during the pandemic. Units of ET have appreciated by 16.88% in 2024, and my claims that ET should trade for a minimum of 17.26 look more realistic as time progresses (can be read here). While technology controls the narrative, there has been an opportunity in the energy sector that went unnoticed by many investors. The narrative regarding eliminating oil and gas never made sense to me, consideri ...