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Bear of the Day

Energy Transfer Partners (ETP)

By: Zacks Equity Research
November 25, 2009 | Comments: 0
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Our Underperform recommendation on Energy Transfer Partners (ETP - Analyst Report) units takes into account the bearish outlook for pipeline operators. While the partnership's liquidity position is sound, we continue to believe that the near- to medium-term outlook for its natural gas gathering and processing business remains weak.

Weighed down by these factors, Energy Transfer posted a third-quarter 2009 loss. The partnership's low growth and seasonal propane business also remain a major liability, in our view.

Given these headwinds, we expect Energy Transfer units to be under pressure in the medium- to long-term. The partnership's discounted valuation relative to the pipeline MLP group reflects its heightened risk profile.

Energy Transfer Partners (ETP) : FULL ANALYST REPORT

Bear of the Day
Every day we feature one stock with a Zacks Recommendation of Sell that is set to underperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy and Sell rated stocks and in-depth research reports, then check out  Zacks Premium.

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Market Summary Feb 10, 2010 08:17 am ET
DJIA 10058.64  0.00 0.00%
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S&P 500 1070.52  0.00 0.00%