My Honest Opinion of Energy Transfer Stock

I recognize that there are good reasons for investors to buy Energy Transfer (NYSE: ET) today. I can even appreciate that the master limited partnership (MLP) has taken important steps to strengthen its business in ways that should appease the concerns I have about the investment. Yet, I still think alternatives like Enterprise Products Partners (NYSE: EPD) and Enbridge (NYSE: ENB) are better. Here's my honest opinion of why Energy Transfer isn't the best option in the midstream space.

Energy Transfer helps to move oil and natural gas around the world. It owns a collection of energy infrastructure assets, like pipelines, that generate reliable fee-based income. Without the assets Energy Transfer owns, producers wouldn't be able to get their oil and natural gas to processors and refiners, or the end consumer.

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