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Energy Transfer LP (ET-PE)
NYSE - Nasdaq Real Time Price. Currency in USD
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30,253 reactions on $ET-PE conversation
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Congrats to all those who still get to buy this below 10$ after all these years. Truly lucky
We are being told to lower our AC usage on hot days to prevent overwhelming the existing electric grid while simultaneously being told to trade in our gas cars for electric vehicles.
The question is, when will the profit taking end? Some feel this significant decline in all energy stocks is due to rising rates and inflation/recession concerns. And I think part of that is true. But I think the most significant reason is profit taking before quarter end and to raise cash.
Nice up day today as lower commodity prices are signaling that the Fed might not have to take drastic action to reduce inflation. Rate hikes and balance sheet unwinding are inevitable but at least for today, a potential soft landing is slightly more viable even if still very, very improbable.
In a normal recession, energy stocks being cyclical get hit hard as demand gets hit hard. However, this is not normal. The EU has to wean itself off of Russian energy providing a huge market for energy exports. China is still shut down is vast parts of the country and they will eventually reopen. And OPEC+ is still in charge of prices. I think all these factors conspire to keep crude and nat gas higher. The energy equity prices currently reflect crude prices at around $80 and nat gas around $6 according to Leon Cooperman. I still don't think a recession gets us down to those levels.
Check Out What Whales Are Doing With Energy Transfer
3:15 pm ET June 23, 2022 (Benzinga) Print
Someone with a lot of money to spend has taken a bullish stance on Energy Transfer (NYSE:ET).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with ET, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 12 uncommon options trades for Energy Transfer.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $133,475, and 9 are calls, for a total amount of $460,474.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $7.0 to $11.0 for Energy Transfer over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Energy Transfer's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Energy Transfer's whale trades within a strike price range from $7.0 to $11.0 in the last 30 days.
Experts see a very favorable scenario for ET: "Russia’s invasion of Ukraine will reshape the global natural gas business forever. The possibility of high prices for natural gas in the foreseeable future along with the increased demand for the international LNG are opening a great opportunity for Energy Transfer to profit from Russia’s demise. The company is poised to use the changing geopolitical landscape to its advantage and this should help it to continue to create additional shareholder value in the long term" (Seeking Alpha, "Energy Transfer Will Profit From Sanctions On Russia")
Didn't the plandemic do enough damage? They had to go after energy now while we are trying to pull out of their pandemic. Even Powell is starting to admit a recession is here. When you hammer down hard on the people its bound to impact the economy.
Impose carbon tax
Wondering why refineries are shutting down? Why coal mines are gone?
Why volumes are bottlenecked?
Still wondering ?
Is anyone familiar with the automatic inflation fee adjustments in ET contracts?
With one glowing recommendation after another I'm surprised this thing hasn't move higher. Once the big players get what they want it will move.
So Germany announced it will be restarting its coal plants. If anyone tickles me I'll burst out laughing. I'm just trying not to laugh.
I was listening to the news yesterday and thank God I don't live in New England dependent on heating oil for the winter. People are going to freeze to death up there this winter with the price of heating oil.
New England Residential Heating Oil Price is at a current level of 5.126, up from 4.908 last week and up from 2.829 one year ago. This is a change of 4.44% from last week and 81.19% from one year ago.
The average home uses 5.3 gallons a day for heat so that's $800 a month for heat!
I complain when my electric bill goes over $175 in February and my home is all electric. And these are summer heating oil prices. Who knows where the price of heating oil will be for them come next winter.
If I lived up there I'd be moving south NOW.
Well done Greenies! Are ya happy your shot down that proposed Nag Gas pipeline that could have served significant portions of New England now? The only nat gas you get is LNG via ship which means you pay the international market price... About the same as Europe pays.
Chattel slavery has been constitutionally outlawed since 1865. The only slavery now is done by Federal, State, and local officials.
Always bad news for this stock… meanwhile it always seems like an amazing investment : / why down now??
8.18% dividend just locked in on 5500 share purchase. Thanks Sheeple.
why would high dividend-paying stocks be tanking this week???
Et will trade back to the 8’s. According to Goldman Sachs
Like I said - notify me when a world war is won with electric vehicles and I will be the first in line to buy. I would like to see the grid plan.
Shouldn’t this stock benefit the most from current heatwave in Texas? Texas power usage is through the roof
Here’s a school lesson for 8th grade civics: Green energy is the biggest scam in world history. Bigger than the Wuhan or 2020 election. It’s bad for everyone except the elitists behind closed doors.
It's unfortunate that this mess doesn't impact only the people that voted for it.
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