The global demand for oil and gas, which bounced back and reached new heights amid supply crunches, could propel its prices and serve as an enduring tailwind for energy producers. Given this backdrop, let us find out whether energy stock Energy Transfer LP (ET) could be an ideal portfolio addition.
When macroeconomic headwinds and geopolitical turmoil drastically affected some of the sectors of the economy, on the contrary, the energy sector performed comparatively well.
