Energy Transfer “announced that it is suspending development of the Lake Charles LNG project in order to focus on allocating capital to its significant backlog of natural gas pipeline infrastructure projects that Energy Transfer believes provides superior risk/return profiles. Energy Transfer management has determined that its continued development of the project is not warranted by Energy Transfer but remains open to discussions with third parties who may have an interest in developing the project.”
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ET:
- Energy Transfer LP downgraded to Equal Weight from Overweight at Morgan Stanley
- Energy Transfer LP price target lowered to $19 from $21 at Morgan Stanley
- Energy Transfer call volume above normal and directionally bullish
- Ford, Coca-Cola, GE, Eli Lilly, Energy Transfer: Insider Moves Unveiled!
- Energy Transfer LP price target lowered to $21 from $23 at Scotiabank