Posted by racerick on 16th of Mar 2020 at 11:24 am
For those interested in a longer term holding: ET - Energy
Transfer has gotten slaughtered along with all the other oil and
gas stocks. It is a pipeline compression company, which means they
don't really care what the price of gas is, still got to be
transported. People still have to have Nat gas even if they
are at home. Stock trading just under $6, pays $1.20 dividend and
even better the April 6 calls are trading over $1. Even if
dividend evens up being cut some, it's still a huge return. Has had
huge insider buying past few weeks.
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For those interested in a
Posted by racerick on 16th of Mar 2020 at 11:24 am
For those interested in a longer term holding: ET - Energy Transfer has gotten slaughtered along with all the other oil and gas stocks. It is a pipeline compression company, which means they don't really care what the price of gas is, still got to be transported. People still have to have Nat gas even if they are at home. Stock trading just under $6, pays $1.20 dividend and even better the April 6 calls are trading over $1. Even if dividend evens up being cut some, it's still a huge return. Has had huge insider buying past few weeks.