ET
A $15 million flex
Energy Transfer co-founder and director Kelcy Warren went shopping for ET units on August 18th and August 19th, scooping up a big block of common units in the open market.
That matters because this wasn’t some sleepy paperwork move or a tiny dip-buy for the headlines. This was real cash, real conviction, and a buy made with ET trading basically right under its 52-week roof.
Why investors care
When a founder is willing to add that much exposure near a high, it can read like a loud, boardroom-sized message: I still think there’s room here.
For shareholders, that can be a confidence booster for a few reasons:
- it signals insider belief in the business and the cash-flow story
- it suggests management may think the market is still underappreciating the setup
- it can attract momentum traders who love a “smart money is buying” headline
The catch
Of course, insider buying is not a magic wand. A stock near a high can still wobble if energy prices, volume trends, or broader market sentiment turn messy. But this kind of purchase is usually the opposite of a red flag.
Big picture
ET is getting the kind of signal investors always say they want: a founder putting skin in the game when the stock already looks strong. That doesn’t guarantee upside, but it does make the bull case feel a little less like wishful thinking and a little more like a vote from the person who knows the story best.