Billionaire Leon Cooperman’s 8 Stock Picks with Huge Upside Potential

1. Energy Transfer LP (NYSE:ET)

Omega Advisors’ Q1 Stake: $241.67 million

Analyst Upside as of June 15: 23.73%

Number of Hedge Fund Holders: 36

Energy Transfer LP (NYSE:ET) is one of billionaire Leon Cooperman’s top stock picks with huge upside potential. At the end of May, Kyushu Electric Power Company and Energy Transfer LNG Export, a subsidiary of Energy Transfer LP (NYSE:ET), inked a 20-year sale and purchase agreement (SPA) for the delivery of LNG from Energy Transfer’s Lake Charles LNG project.

Under the terms of the agreement, Energy Transfer LP (NYSE:ET) will supply up to one million tonnes per annum (mtpa) of free-on-board LNG, with prices based on the Henry Hub benchmark. That said, the above depends on the U.S. player making a favorable final investment decision (FID) on the Lake Charles LNG project and meeting further prerequisite requirements. A 20-year supply agreement with comparable terms was signed with Chevron in December; however, it was for 2 mtpa of LNG from Lake Charles.

The Lake Charles project aims to turn the current LNG import and regasification terminal into an export facility. This would make use of Energy Transfer’s two deep water berths, four existing LNG storage tanks, and associated infrastructure.

Energy Transfer LP (NYSE:ET) is an American company that specializes in the transportation of propane and natural gas through pipelines. Founded in 1995, the company has its headquarters in Dallas, Texas, and operates under the laws of Delaware.

While we acknowledge the potential of ET to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ET and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.