Billionaire Lee Cooperman’s Top 15 Long-Term Stock Picks

3. Energy Transfer LP (NYSE:ET)

Number of Hedge Fund Holders: 29  

Omega Advisors’ Stake: $203.2 million

Energy Transfer LP (NYSE:ET) provides energy services. The notable factor that makes Energy Transfer a great investment opportunity is the increase in distributable cash flow and adjusted EBITDA. For instance, as per the reports of the third quarter of 2024, adjusted EBITDA for the three months ended September 30, 2024, was $3.96 billion compared to $3.54 billion for the three months ended September 30, 2023. The distributable cash flow attributable to partners, as adjusted, for the three months ending September 30, 2024, was $1.99 billion, an increase of $4 million from the three months ending September 30, 2023. These figures demonstrate the company’s increased operational efficiency and its ability to support dividends. Moreover, the company has announced a new large-diameter pipeline known as the Hugh Brinson Pipeline, providing transportation capacity out of the Permian Basin to serve growing natural gas demand. Another project worth investing in is the development of a large-scale LNG export facility in Lake Charles, Louisiana, with a planned capacity of 16.5 million tonnes per annum.