5 Stocks George Soros and Insiders Are Crazy About

This article presents an overview of 5 Stocks George Soros and Insiders Are Crazy About. For a detailed overview of such stocks, read our article, 10 Stocks George Soros and Insiders Are Crazy About.

5. Energy Transfer LP Unit (NYSE:ET)

Soros Fund Management’s Stake: $6,592,950

Kelcy Warren, who is the Executive Chairman and Chairman of the Board of Directors of Energy Transfer LP Unit (NYSE:ET), bought 3 million shares of Energy Transfer LP Unit (NYSE:ET) at $12.96 per share on August 17. Since then through March 12 the stock has gained about 16%.

George Soros’ fund had a $6.6 millions stake in Energy Transfer LP Unit (NYSE:ET) as of the end of the fourth quarter of 2023.

Silver Beech Capital made the following regarding Energy Transfer LP (NYSE:ET) in its fourth quarter 2023 investor letter:

Energy Transfer LP (NYSE:ET) owns and operates the largest and most balanced collection of energy infrastructure assets in the United States. ET’s assets include 125,000 miles of oil and natural gas pipelines, export facilities on both the Gulf Coast and East Coast, and more than 1 million barrels per day of natural gas liquid fractionation capacity. ET accounts for 20% of worldwide natural gas liquid exports. Further, ET is uniquely connected to every major hydrocarbon basin in the United States.

By assembling energy infrastructure to gather, process, transport, and store hydrocarbons, ET connects exploration and production companies (“E&Ps”) with downstream end users such as gas stations, utilities, and export facilities. As an end-to-end midstream solution, ET enables its customers to focus on their portion of the value chain without the burden of significant but essential midstream logistics. ET’s services thus add tremendous value to all constituents of the energy marketplace.

Though natural gas is a relatively clean source of fuel, restrictive federal and state regulations and other permissions severely restrict the building of natural gas pipelines and other infrastructure in North America that would help facilitate abundant hydrocarbon production. Pipelines are by far the cheapest and greenest method of transporting hydrocarbons; pipelines reduce emissions from truck transport and reduce congestion on highways, rail, and shipping routes…” (Click here to read the full text)