@similarLemur36057, so, let's just watch this play out. I couldn't agree more with you this LP is looking UBER strong. Free cashflow, they're paying down debt, doing everything right.
However, the market doesn't trade on fundamentals in the short term. Mark my words, it will be cheaper than it is today in the next couple months. I can all but guarantee, we will see price action around 9.20 before July.
PetrifiedForrest
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@similarLemur36057, unfortunately, stonks don't move on fundamentals in the short term. :/
your right there was a pullback this Thursday and Friday which was based off of short term strength which wasn’t really called for but I also agree that this LP is probably the best on the market because of its great earnings and by EV/EBITDA and P/CF being much lower than the industry and the only other good one is maybe EPD which is actually good short term. I think this correction in ET and maybe EPD is a good buying opportunity for long term but the MACD is still bear and so is the RSI so it will probably be a buy in a week or sometime in July anticipating earnings.