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Energy Transfer LPEnergy Transfer LPEnergy Transfer LP

Energy Transfer LP

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ET trade ideas

ET Technical Analysis 🧙Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. Its pipeline network transports about 22 trillion British thermal unit per day of natural gas and 4.3 million barrels per day of crude oil. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer also owns the Lake Charles gas liquefaction facility, which it plans to convert into one of the largest LNG export facilities. It combined its publicly traded limited and general partnerships in October 2018. If you understand the idea,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
NYSE:ETLong
by trading_as_bus
6
ET at its IPO price and with good wedge formedET had a very bad period with court cases on their Dakota pipeline as well. But the fundamentals dont support such discount. Plus I think that the price and the trend now are good for opening long term long possition. It is at its IPO price, it has been lower only twice and that is in 2009 and this March - the consolidation since then is going to get finished and it hopefully breaks the wedge upside. Not trading advice. Keep safe. P.S - I just bought some at 5,49.
NYSE:ETLong
by Diaana
4