Jim Cramer on Energy Transfer: “I Think It Is Inexpensive and It’s Got a Good Dividend”

Energy Transfer LP (NYSE:ET) was among  Jim Cramer’s stock calls on Mad Money, as he highlighted several opportunities in out-of-favor sectors. A caller sought Cramer’s opinion on the stock. In response, he stated:

Energy Transfer is a terrific situation. I like it very much. I think it is inexpensive and it’s got a good dividend.

Stock market data. Photo by Photo by Alesia Kozik

Energy Transfer LP (NYSE:ET) operates natural gas, natural gas liquids, and crude oil pipelines and facilities. The company provides transportation, storage, processing, and marketing services. A caller asked about the stock during the March 12 episode, and Cramer replied:

That is the kind of stock that you want to own in this environment. You’re going to make money, you’ve got a great yield. Even though it’s up in [an] almost parabolic move, I would buy some more if it came down.

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