Last November I posted on ETE 0.65% (see link below) with two options. It has taken the longer option. If price goes < c (15.03) then we may be in for a down turn or longer sideways consolidation. If we get a break up in the shorter turn downtrend line ( daily chart ) then I favor the next longer term advance is likely here and will go long with my stop a close < e. This is a MLP with a K-1 0.89% so I personally only use it in my IRA. Current dividend is .305 cents quarterly. (7.85% yearly at current price). Process your way. I am not an advisor just a person who likes chart patterns. Have a good week.
Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited partnership that owns the general partner and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP 1.37% ) and Sunoco LP 0.94% (NYSE: SUN). ETE 0.65% also owns Lake Charles LNG 0.15% Company. On a consolidated basis, ETE’s family of companies owns and operates a diverse portfolio of natural gas -1.20% , natural gas -1.20% liquids, crude oil 2.97% and refined products assets, as well as retail and wholesale motor fuel operations and LNG 0.15% terminalling. For more information, visit the Energy Transfer Equity, L.P. website at energytransfer.com.
Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited partnership that owns the general partner and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP 1.37% ) and Sunoco LP 0.94% (NYSE: SUN). ETE 0.65% also owns Lake Charles LNG 0.15% Company. On a consolidated basis, ETE’s family of companies owns and operates a diverse portfolio of natural gas -1.20% , natural gas -1.20% liquids, crude oil 2.97% and refined products assets, as well as retail and wholesale motor fuel operations and LNG 0.15% terminalling. For more information, visit the Energy Transfer Equity, L.P. website at energytransfer.com.
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