Is Energy Transfer Stock a Buy?
It has been a brutal year in the energy sector. Crude prices imploded -- including going negative at one point -- because of surging supplies amid cratering demand from the impact of the COVID-19 outbreak. That has put intense pressure on energy stocks.
Energy Transfer (NYSE: ET) is among those walloped by the downturn. It has lost about half its value this year, which has pushed its dividend yield up to an eye-popping 17.5%. That enticing payout probably has investors wondering whether now's the time to buy.
Here's the case for and against buying Energy Transfer right now.
Source Fool.com
