Should You Buy Energy Transfer While It Trades Below $20?
The energy midstream sector has held up better than most stock sectors during the recent market sell-off. However, that doesn't mean there aren't bargains in the space to still be found. One stock in the sector trading about 10% off its January 2025 highs is Energy Transfer (NYSE: ET).Let's look at why the stock is a good buy while it is still trading at under $20.The midstream energy sector finds itself in a favorable environment at the moment. The Trump administration has made fossil fuels and increasing production a priority over green energy alternatives. Meanwhile, artificial intelligence (AI) is creating strong demand for power because running AI workloads is an energy-intensive process.Continue reading
The energy midstream sector has held up better than most stock sectors during the recent market sell-off. However, that doesn't mean there aren't bargains in the space to still be found. One stock in the sector trading about 10% off its January 2025 highs is Energy Transfer (NYSE: ET).
Let's look at why the stock is a good buy while it is still trading at under $20.
The midstream energy sector finds itself in a favorable environment at the moment. The Trump administration has made fossil fuels and increasing production a priority over green energy alternatives. Meanwhile, artificial intelligence (AI) is creating strong demand for power because running AI workloads is an energy-intensive process.
