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Energy Transfer LP

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Energy Transfer basing with "Go" flag on GoNoGo!On the face of it, energy companies would seem like a strange place to look for investment opportunities. Indeed, the industry has been incredibly hard hit by the global pandemic and the ensuing market collapse. However, scanning chart after chart I see a lot of basing patterns, and now many in the industry look as though they are coming out of the other side. ET, Energy Transfer LP, looks particularly good on the daily GoNoGo Chart. We’ve seen a rounded consolidation after the extreme drop (over 70% since early year highs) and a smooth transition through the trend colors. First the GoNoGo Trend painted amber bars and that was followed by the “Go” flag and blue bars. The GoNoGo Oscillator is picture perfect also, staying below zero during the downturn, breaking above zero in early April and already finding support at the zero line. Investing here though is certainly not for the faint of heart! Obstacles abound, the weekly chart is still strongly “NoGo” and there is likely to be significant resistance overhead from the large runaway gap on March 9th. We have already seen this level hold as resistance a few days ago.
NYSE:ETLong
by GoNoGoCharts
Energy Transfer Equity (ET); Utilities Recovering From COVIDNOTE: ✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 SUMMARY: We are waiting on a confirmed long signal on Energy Transfer Equity (ET). Looks like ET is a solid play as utilities recover from COVID. --- Silver Scalper Trend Confirmation = Range MA Entry Signal = Bull/Bear Power Exit Signal = Bull/Bear Power OR Range MA --- DESCRIPTION: 1. Range MA is showing an uptrend (Green bar color) on ET on the 1hr minute chart. 2. Price action is bullish via the rising wedge. 3. We are waiting for consolidation or a pullback where we hope to see a Bull signal from Bull/Bear Power to confirm a long entry. 4. Looking at the R1 gap and at R2 for potential resistance if price moves up. 5. Looking at the S1 range for support if we go lower.
NYSE:ET
by AlphaBotSystem
$ET Trading At Trendline SupportWith natural gas prices depressed, it's time to start buying some nat gas related companies. $ET has popped on our radar as it trades at trendline support. There's a number of things to like about $ET: 1. Recent insider buying 2. Shares are cheap trading at 3x earnings, 0.24x sales, 0.55x book, and 6.25x FCF. 3. $1.22 per share dividend Energy Transfer LP provides energy-related services. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and 12,500 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. The company also owns and operates natural gas gathering and natural gas liquid (NGL) pipelines, processing plants, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Kansas, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and a natural gas gathering system in Ohio, as well as transports and supplies water to natural gas producers in Pennsylvania. In addition, it owns approximately 4,515 miles of NGL pipelines; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 50 million barrels (MMBbls); and other NGL storage assets and terminals with an aggregate storage capacity of approximately 13 MMBbls. Further, the company sells gasoline, middle distillates, and motor fuel at retail, as well as crude oil, NGLs, and refined products; operates convenience stores; and distributes motor fuels and other petroleum products. Additionally, it provides natural gas compression services; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 2002 and is headquartered in Dallas, Texas. As always, trade with caution and good luck to all!
NYSE:ETLong
by InsiderFinancial
ET earnings option strangleET has missed their earnings estimates all year with another announcement due today which sets up a nice opportunity for a strangle. If they whiff again expect the downtrend to pickup more steam and drive price at least to the bottom of this descending wedge. On the flip side if they manage to surprise, that could trigger a steep rally for this company which despite it's stock's performance has a decent balance sheet with only the acid-test being low (but not alarming). If trade "progress" jawboning can push oil higher ET could benefit from that as well so I like a target on a call option at the 50 day moving average with the put option target at the bottom of the wedge just south of $12.
NYSE:ET
by austrian_trader