![]() ![]() After reading through the earnings report and looking at the valuation, I believe $19.02 is a minimum fair value for units of ET. There are a lot of aspects to like about ET, and its future looks promising as exporting will play a vital role in its growth. Whether individuals want to admit it or not, energy infrastructure is one of the most important industries in our day-to-day lives, and ET plays a critical role in making sure that the supply of energy gets from A to B. ![]() The barriers to entry in the pipeline sector is immense and possibly the most fortified of any industry, from government permits and zoning regulations to the infrastructure required to become successful within the industry. ET is delivering on its promises since taking a hardline approach to its financial health, leaving no reason for the bears not to turn bullish or the markets to punish the unit price continuously. ET is delivering on its plan of deleveraging its balance sheet, as billions have been erased from its long-term debt, Enable Midstream was acquired, and the quarterly distribution has increased 73.77% over the past year. Market continues to discount them compared to its peer group. No matter what Energy Transfer ( NYSE: ET) does, Mr. ![]()
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