Did You Invest In Energy Transfer Equity, L.P. (ETE)?

Soreide Law Group is currently representing several clients whose brokers recommended the purchase of:
Energy Transfer Equity, L.P. (ETE)
ETE’s 52 week range is 4.00 - 35.44.
ETE is among the top losers in energy stocks. Energy Transfer Equity LP (ETE), is off by 37%, and reached a 52-week low, based on a SEC filing stating that CFO Jamie Welch, a man who was involved in the merger with Williams Companies Inc (WMB), will be replaced by  Thomas Long, Energy Transfer Partners (ETP)’s CFO. This news may have generated fear in investors about the proposed acquisition of the company Williams Cos. (WMB). The analysts at Robert W. Baird downgraded the stock to ‘Neutral’ from ‘Outperform’ and lowered the price target to $7 from $30.
Energy Transfer Equity’s Business Summary:
“Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the Unites States. It owns and operates approximately 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and approximately 12,800 miles of interstate natural gas pipeline. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Its midstream operations owns and operates approximately 7,200 miles of in service natural gas and natural gas liquid (NGL) gathering pipelines, 6 natural gas processing plants, 15 natural gas treating facilities, and 3 natural gas conditioning facilities. The company’s NGL transportation and services operations include 70% interest in the Lone Star joint venture that owns approximately 2,000 miles of NGL pipelines, 3 NGL processing plants, 4 NGL and propane fractionation facilities, and NGL storage facilities with working storage capacity of approximately 53 million barrels; and a 50% interest in the Liberty pipeline, an approximately 87-mile NGL pipeline. It also sells gasoline and middle distillates at retail; operates convenience stores primarily on the east coast and in the Midwest region of the United States; and gathers, purchases, stores, transports, markets, and sells crude oil and refined products. In addition, it provides natural gas compression services for customer specific systems; and treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services. Energy Transfer Equity, L.P. was founded in 2002 and is based in Dallas, Texas.”
If your broker or financial advisor recommended Energy Transfer Equity, L.P. (ETE), and you like so many others, have experienced devastating losses, call Soreide Law Group and speak to an attorney at no-cost regarding the possibility of filing a FINRA arbitration to recover your losses at: 888-760-6552.