NYSE:ETOil and Gas
Energy Transfer (ET) Could Be 17% Below Fair Value On $1.7b Notes Pricing
Energy Transfer (ET) has just priced more than $1.7b in junior subordinated notes, a financing move tied to redeeming preferred units, refinancing existing debt, and supporting general partnership purposes.
See our latest analysis for Energy Transfer.
Against this backdrop of fresh junior subordinated notes, Energy Transfer’s share price has eased 0.7% over the last day but remains higher over the past week and month, with an 18.5% year to date share price return and strong multi year total...