Is Energy Transfer Stock a Buy?
Energy Transfer (NYSE: ET) has been a chronic underperformer. Units of the master limited partnership (MLP) have declined another 2% this year, and are now roughly 60% off their all-time high, which they hit right around the time oil prices lost their grip on $100 a barrel about five years ago. Even after adding in its dividend, the company's total return over the last five years is a negative 33%.
However, that lackluster performance in the past doesn't necessarily mean Energy Transfer will continue lagging in the future. Here's the case for and against buying this badly beaten-down energy company.
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Source Fool.com
