Jim Cramer on Energy Transfer: “That Is the Kind of Stock That You Want to Own in This Environment”

Energy Transfer LP (NYSE:ET) is one of the stocks Jim Cramer evaluated, along with the fragile food market. During the lightning round, a caller inquired about the stock, and Cramer said:

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.

A stock market graph. Photo by Alesia Kozik on Pexels

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. Cramer was bullish on the company’s stock when a caller asked about it during the January 1 episode. He remarked:

Let me tell you something. The yield 7.3, very inexpensive stock, great pipeline company, Kelcy Warren. Okay, so I was mad at him for like the first five years of the show. But hey, bygones be bygones. Buy ET.

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