Is Energy Transfer a Buy?
Master limited partnership Energy Transfer (NYSE: ET) is having a great year in 2019. The midstream company got off to an excellent start during the first quarter, generating record results as earnings and cash flow soared nearly 40%. That strong start has helped push up the value of the MLP's units more than 13% so far this year.
That big gain over the last few months might have some investors wondering if the company is still worth buying. Here's a closer look at the bull and bear cases for Energy Transfer.
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