Energy Transfer: This Is Going To Hurt As Williams Already Won Once

Summary:

• Williams is threatening to hold Energy Transfer accountable for what Williams believes is frivolous and possibly intimidating court actions.
• Energy Transfer’s deviation from industry practices has led to multiple legal disputes. There is already one costly loss to Williams and more recently that has yet to cost.
• The ongoing Dakota Access Pipeline litigation and other regulatory issues could likewise result in substantial financial consequences for Energy Transfer.
• Despite some earnings progress, Energy Transfer’s management priorities seem misaligned.
• This issue is far too risky for an income investor.

Williams (WMB) announced the intention to hold Energy Transfer (NYSE:ET) accountable for its court actions against Williams since the last lawsuit. Those court actions both added costs to projects and delayed the startup date (which would

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