Jim Cramer Considers Energy Transfer a Buy

Energy Transfer LP (NYSE:ET) is one of the stocks Jim Cramer expressed his thoughts on. When a caller mentioned that they have been wondering about the stock, Cramer commented, “Oh, don’t wonder, buy. I mean, that thing is… that’s just the sweet spot that we want to be in.”

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. When a caller inquired about the company’s stock during the October 29 episode, Cramer called it an “excellent company.” He said:

“I like Energy Transfer very much. I’ve gotta tell you, Enterprise Product Partners is the one I do recommend in How to Make Money in Any Market… Energy Transfer is an excellent company.”

Moreover, when a caller asked about the stock during the September 5 episode, Cramer called it “sensational,” as he remarked:

“It’s a premier natural gas play, pipeline. I think it’s sensational. I didn’t think that they were taking out too much debt. That’s not the case… You got it right.”

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