Energy Transfer: Positioned Well For Future Growth (Archive)

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 is growing its EBITDA at a healthy clip, both organically and from prudent inorganic additions.
• As ET gradually expands its footprint, it is well-poised to benefit from increased electricity demand, particularly from data centers.
• ET stock's valuations are at a slight premium to a rather well-defined long-term trading range. But arguably, this premium is deserved due to the growth catalysts ahead.
• Relative technical analysis vs the S&P 500 shows the ratio prices in an ascending wedge. I think waiting for a correction and a sharp rebound can give a better buy entry.
• Prediction markets' views of the US Presidential election is a key monitorable for Energy Transfer's performance, since the two leading candidates' O&G energy policies can materially impact midstream volumes.

Read the full article here.