ET is looking interesting as Texas has become a centre for business (Samsung mega chip factory) and cryptocurrencies (BTC mining 20% global hash rate) combine this with the winter and increased gas prices as a result from last winter, oh and did I mention more frequent and severe storms. This will all lead to higher natural gas and energy prices which leads to ET making a ton of money, last year in Feb freeze they made 2.5B in a few days, we like that. This makes me super bullish on ET - what do you think?
I think you nailed it! I did a similar post and highlighted the demand zone where you're trend line is. I think it's a great long term hold and for those that don't own shares already, now would be a good time to add ET to your portfolio. I like how you mentioned the storm too, that resulted in a ton of profit, allowing ET to significantly pay down their debt. It's probably one of the more attractive midstreams or MLP's because of it's dividend and cheap price. I think ET is around 5 or 6 P/E. Great Post!!