Should You Buy Energy Transfer While It's Below $18?
Units of Energy Transfer (NYSE: ET) have cooled off this year. They're down nearly 10% on the year and were recently below $18. That's a big shift from last year, when the master limited partnership (MLP) gained more than 41% and peaked at $21.45 per unit. Here's a look at what has weighed on the MLP's unit price and whether its slump below $18 is a buying opportunity or if it could continue falling.Image source: Getty Images.Continue reading
Units of Energy Transfer (NYSE: ET) have cooled off this year. They're down nearly 10% on the year and were recently below $18. That's a big shift from last year, when the master limited partnership (MLP) gained more than 41% and peaked at $21.45 per unit.
Here's a look at what has weighed on the MLP's unit price and whether its slump below $18 is a buying opportunity or if it could continue falling.
Image source: Getty Images.
