Energy Transfer: A Neutral Stand Amid A Tsunami Of Bullish Cheers (Archive)
The lone neutral voice amid Energy Transfer’s overwhelmingly bullish crowd.
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
- Out of the last 32 Seeking Alpha articles on Energy Transfer, my article in early January 2023 has been the only one with a neutral/hold rating.
- Now, I am pushing my luck by sticking my neck out again and maintaining my neutral/hold stance on Energy Transfer.
- The broad market fundamentals seem favorable for Energy Transfer.
- But the FY23 EBITDA guidance below expectations signals downside risks.
- My original technical analysis view is playing out and I maintain my stance that Energy Transfer will underperform the S&P 500 and that the stock will remain range-bound over the next few months.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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