Why Energy Transfer Stock Rose in March
It shouldn't be all that surprising that energy stocks got a lift this past month as soaring inflation and rising gas prices are causing investors to take a renewed interest in the industry.
Shares of Energy Transfer (NYSE: ET) jumped 10.4% in March, according to data from S&P Global Market Intelligence, after the operator of natural gas pipelines agreed to sell its interest in its Canadian operations while European interest in buying more U.S. natural gas helped lift the sector.
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Source Fool.com