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# Energy Transfer: Prepare To Buy (Archive)
- URL: https://www.huntingalphas.com/energy-transfer-prepare-to-buy-archive/
- Published: 2024-01-19T16:23:00.000Z
- Updated: 2026-02-27T06:22:50.000Z
- Description: Waiting for a better entry as Energy Transfer’s fundamentals strengthen and technicals align.
- 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

- In my last note on Energy Transfer, I had a 'Neutral/Hold' stance, missing out on +5.83% alpha over the S&P 500\. Now I am more bullish but maintain my stance:
- Crestwood is a good acquisition to bolster ET's portfolio as it solidifies the latter's existing market position and enables entry into new basins. The purchase is also not pricey.
- ET is well-set to capitalize on US NGL exports, which are expected to increase in 2024\. ET is a beneficiary here as it has a 40% market share.
- Currently, ET is trading near its 5-yr median 1-yr fwd price to cash flow per unit multiple; I prefer a valuation discount to become a buyer.
- Technical analysis also suggests there may be an opportunity to accumulate at lower prices to have a better chance of maximizing total shareholder return.

Read the full article [here](https://seekingalpha.com/article/4663208-british-american-tobacco-why-do-the-bulls-keep-getting-this-wrong?ref=huntingalphas.com).

#### Disclosures and Disclaimers

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