Energy Transfer's Recent $1.45 Billion Deal Won't Be its Last
Energy Transfer (NYSE: ET) is an active acquirer. It recently bought Lotus Midstream for $1.45 billion. That follows two smaller bolt-on acquisitions last year (Woodford Express and Spindletop) and a more sizable deal in 2021 (Enable Midstream).
The company plans to continue consolidating the midstream sector. That was evident in the comments by its management team on its recent first-quarter conference call.
analyst Jean Ann Salisbury asked Energy Transfer's management team on the first-quarter call about their thoughts on M She said:
Source Fool.com
AllianceBernstein Holding L.P. Stock
AllianceBernstein Holding L.P. is currently one of the favorites of our community with 7 Buy predictions and no Sell predictions.
With a target price of 36 € there is a hugely positive potential of 89.53% for AllianceBernstein Holding L.P. compared to the current price of 18.99 €.