Is Crestwood Equity Partners Stock a Buy?
When the world looks back at 2020, one of the biggest economic stories is going to be the impact the coronavirus pandemic had on the energy sector. There was widespread financial pain across the sector as oil prices plummeted to historic lows. However, midstream operator Crestwood Equity Partners (NYSE: CEQP) actually managed to have a record year. And 2021 could be even better.
At one point in 2020, the prices for benchmark West Texas Intermediate crude fell below zero. Basically, that means that exploration and production companies were paying customers to take their oil. That was only true for a brief time, but it shows just how bad things got.
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Source Fool.com
