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# Energy Transfer: Less Attractive For Fresh Buyers (Archive)
- URL: https://www.huntingalphas.com/energy-transfer-less-attractive-for-fresh-buyers-archive/
- Published: 2024-06-13T10:28:00.000Z
- Updated: 2026-02-27T11:26:11.000Z
- Description: Valuation discounts have narrowed and technicals point to fading upside for incremental buyers.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, ET, Energy

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Energy Transfer has outperformed the S&P 500 since my last 'Buy' upgrade on the security. However, I am now downgrading my stance to a 'Neutral/Hold':
- Operating performance continues to be stable and healthy, especially in the crude oil pipelines business.
- ET's acquisition of WTG Midstream is at a good price, and I am optimistic about management's ability to make more reasonable midstream M&A deals.
- Valuation discounts have shrunk since my last update in January 2024; today, Energy Transfer trades closer to its long-term median valuation multiples.
- Relative technical analysis vs the S&P 500 suggests increased chances of sideways movement followed by a breakdown.

Read the full article [here](https://seekingalpha.com/article/4699027-energy-transfer-less-attractive-for-fresh-buyers?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*