Could Buying Energy Transfer Stock Today Set You Up for Life?

With the market fluctuating and still generally under pressure, now is a great time to look for stocks that you can buy and hold for a very long time. One name at the top of my list would be Energy Transfer (NYSE: ET).The company is one of the largest energy midstream operators in the country. This master limited partnership (MLP) has a vast integrated system of interstate, intrastate, and gathering pipelines, as well as storage; processing plants; and fractionators, which separate natural gas liquids (NGLs) into their individual components. It handles a variety of fossil fuels, including natural gas; NGLs; crude oil; and refined products, such as gasoline, diesel, and jet fuel.The company's vast network of midstream assets allows it to be one of the biggest energy arbitrageurs in the U.S., being able to benefit from geographic, seasonal, and product spreads. For example, it can store natural gas until winter, when prices are higher, or transport it from lower-priced regions to areas in need of more power, where prices are higher.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool