Should You Buy Energy Transfer While It's Trading Below $20?

What does Energy Transfer do? From a big picture perspective, Energy Transfer operates midstream businesses. The plural "businesses" is important here. It owns and operates midstream assets, like pipelines. It collects fees from the companies that use its services, which tends to provide reliable cash flows through the energy cycle. That's the core of Energy Transfer's business. However, in addition to its midstream activities, it also acts as the general partner to two other publicly traded master limited ...