Dakota Pipeline Permit Denial Could Impact Energy Transfer

Stock of Energy Transfer Group companies—those involved directly or indirectly in the Dakota Access Pipeline project—fell on December 5, 2016, following the announcement. However, the decline was less than expected due to hopes of the pipeline getting a permit after Donald Trump assumes office in January.

Energy Transfer Partners (ETP), Sunoco Logistics Partners (SXL), and Energy Transfer Equity (ETE) fell 1.7%, 1.9%, and 2.5%. At the same time, the Alerian MLP ETF (AMLP) fell 0.5%.

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