Is Energy Transfer Stock a Buy Now?
With Donald Trump stepping into the presidency, an opportunity is on the horizon for the energy sector. Many expect more favorable policies to drive exploration and drilling within the United States, which could pave the way for expansion opportunities for oil and gas companies.
One area to watch is midstream energy stocks. These companies play a critical role in the energy supply chain, specializing in gathering, processing, transporting, storing, and exporting oil and gas. Midstream operators stand to gain from an uptick in production, and one midstream energy stock investors should consider today is Energy Transfer (NYSE: ET). Here's why.
Energy Transfer is a powerhouse in the midstream sector, specializing in the transportation, storage, and terminal operations of vital energy commodities, including natural gas, crude oil, natural gas liquids (NGLs), and liquefied natural gas (LNG). The company boasts an extensive network of pipelines and storage facilities, ensuring efficient movement of natural gas from production sites directly to utilities, industrial clients, and other pipelines.
Source Fool.com
