Energy Transfer: Bulls Are Losing Steam (Archive)
Macro headwinds and peaking EBITDA suggest Energy Transfer’s near-term upside is capped.
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
- Last time, I analyzed a mid-stream O&G ETF called AMZA. Now, I take a closer look to evaluate prospects of that ETF's top holding (20%).
- Demand indicators suggest volume headwinds.
- EBITDA levels may have peaked.
- Reduced confidence in prices discourages upstream volume expansions.
- Technicals suggest prices have hit resistance; I anticipate ranging action in the upcoming months.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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