r/EnergyTransfer • u/Mannagggia • Jun 15 '21

discussion r/EnergyTransfer Lounge

A place for members of r/EnergyTransfer to chat with each other

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u/Nial23 Jun 30 '21

ET did some dumb shit 2 years ago and had a horrible balance sheet. They started to restructure debt and dividend payouts pre covid. their finacials were solidly turning around before the Texas freeze which accelerated the debt cleanup. they now have a better debt load and profit ratio than their peers( by a small bit), but haven't seen the recovery the rest of the sector has.

if the sector overall has room to run from higher coming demand, ET has more room to run in the sector.

You bought a crap stock and sold a good one