NYSE:ETOil and Gas
Energy Transfer (ET) valuation after pivot from Lake Charles LNG to Transwestern Pipeline expansion
Energy Transfer (ET) just made a clear trade off, shelving its Lake Charles LNG export project to pour more capital into expanding the Transwestern Pipeline, a pivot toward demand driven growth in the Desert Southwest.
See our latest analysis for Energy Transfer.
That pivot comes after a choppy stretch, with the share price at $16.39 and a weak year to date share price return contrasting with a still impressive five year total shareholder return of nearly threefold. This suggests long term...