Jim Cramer Says Energy Transfer “Got its Act Together a Long Time Ago”

Energy Transfer LP (NYSE:ET) is one of the stocks Jim Cramer shed light on. During the lightning round, a caller inquired about the company, and Cramer said:

“No, ET got its act together a long time ago. It’s a really, really good stock. I’m going to give him a twofer because I really like this fella. Yeah, I think ONEOK is real good too, alright. So, you get the ET and the ONEOK, both good to go.”

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Energy Transfer (NYSE:ET) provides energy services, including natural gas, crude oil, and natural gas liquids transportation, storage, and processing across extensive pipeline networks. During a June episode, Cramer called it a “pretty well-run company,” as he remarked:

“Natural gas is very hard to tell. I think that 3 to 4 is probably where it belongs. ET had a problem. They’ve got some ethane issues. The government’s holding up the ethane from China because we’re trying to say, listen, you won’t give us rare earth materials, we won’t give you ethane.

Now I think that’s a little misjudgment on… [the] part of our government because ethane is actually kind of a broad commodity that anybody can get anywhere. That has hurt ET. It will make it so the numbers may not be as good, but the fact is, it’s got a great yield, and I think it’s a pretty well-run company. I like Enterprise Products Partners, too, but they, too, have the same ethanol problem.”

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Disclosure: None. This article is originally published at Insider Monkey.