On February 22, 2017, at 930 am ET, Energy Transfer Partners (ETP) stock was worth $38.83 per share on the New York Stock Exchange. By noon on February 23rd, it had fallen to $37.53 – a 3.5% drop. As of Friday, it closed at $37.71.
Owner of the Dakota Access Pipeline, Energy Transfer Partners appears to have shot themselves in the foot, so to speak. The violent police attacks upon water protectors opposing the Dakota Access Pipeline appear to have negatively impacted their stock value. People find these abuses repulsive, and apparently increasingly don’t want to invest in this. Dakota Access may be misleading people regarding how far along they are. If true, this is probably in an attempt to boost their stock value.
Furthermore, according to Mary Schimke at Bakken dot com, Feb.24, 2017, the pipeline is not for US use, but for export: “Shale production will be…
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