After successfully initiating and closing a couple of key acquisitions and bringing a few projects online during 2012, Energy Transfer Equity and its midstream family are excited about opportunities that 2013 holds. Immediately out of the gate, Energy Transfer Partners announced a joint venture with Enbridge to shuttle crude oil from Patoka, Ill., out to eastern Gulf Coast refiners that are clamoring for more of the lower-cost, midcontinent crude to pad margins. Combine these with the attempt at LNG exportation, and the ETE family could be a great story to follow and possibly invest in.
Energy Transfer Partners is helping ETE lead the midstream charge
The surge in oil and natural gas production from hydraulic fracturing and horizontal drilling is creating massive bottlenecks in takeaway capacity. However, this problem for producers creates a massive and immensely profitable opportunity for midstream companies. Energy Transfer Partners helps alleviate the glut in supply with 23,500 miles of transformational pipelines. To see if ETP and its industry-leading yield will be a fit for you, click on this detailed premium report, which will supply you with a thorough analysis of this midstream.
The article Growth Plans Continue for This Midstream Family originally appeared on Fool.com.
Taylor Muckerman owns shares of Sunoco Logistics Partners L.P. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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