Billionaire Kelcy Warren’s $40 Million Buy Underscores Faith in Energy Transfer’s Strategy
Billionaire Kelcy Warren placed roughly a $40 million bet on Energy Transfer this month, a move that has drawn attention from investors and industry watchers. According to regulatory filings and local reporting, Warren purchased a substantial block of the midstream company’s common units, a sign of renewed confidence in the business amid a volatile energy market. The purchases, disclosed in public filings, come as Energy Transfer...