This Ultra-High-Yield Dividend Stock Is Working to Capture an Enormous Opportunity
Energy Transfer (NYSE: ET) makes a lot of money transporting, processing, and storing fossil fuels. Because of that, the world's ongoing transition to lower carbon energy sources represents an existential threat to its legacy business -- and to its big-time distribution. However, it's also a potentially enormous opportunity.
One sizable opportunity the midstream company is working to capture is a slice of the emerging carbon capture and sequestration market. It's a multitrillion-dollar market opportunity that could give the master limited partnership the fuel to sustain its massive 9.4%-yielding cash distribution to investors for years to come.
Discussing Energy Transfer's progress on the alternative energy front during its fourth-quarter conference call, co-CEO Tom Long stated:
Source Fool.com
