Some investors may raise an eyebrow at this recommendation, as well as our risk rating of the midstream MLP as “Conservative.” And Energy Transfer hasn’t held up well in the COVID-19-inspired energy sector selloff either, with the share price closing in on its lowest point in four years and the yield a distressed-looking 11 percent plus.
I suspect more than a few investors are still wary of any company where Kelcy Warren is still chairman and CEO. That’s despite the fact that his interest and those of other shareholders are now clearly conjoined, with Mr. Warren owning 9.5 percent of the company after buying another 3.6 million shares this month.
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In October 2012, renowned energy expert Elliott Gue launched the Energy & Income Advisor, a twice-monthly investment advisory that's dedicated to unearthing the most profitable opportunities in the sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships.
Elliott and Roger on Jul. 20, 2020
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