Seeking Alpha·2025-10-13 10:00Core Insights - Western Midstream Partners (NYSE: WES) has shown a total return since the last analysis in early February, indicating positive performance in the market [1] Company Analysis - The focus is on undervalued and disliked companies or industries with strong fundamentals and good cash flows, particularly in the Oil & Gas sector [1] - Energy Transfer is highlighted as a company that was previously overlooked but has now gained attention, suggesting a potential for long-term value [1] Investment Strategy - The investment approach emphasizes long-term value investing while also exploring deal arbitrage opportunities, such as notable mergers and acquisitions [1] - There is a clear preference for businesses that are easily understandable, avoiding high-tech and certain consumer goods sectors [1]