Energy Transfer Partners Lower Off Fate Of Dakota Access Pipeline

Energy Transfer Partners LP ETP shares are trading lower by $0.90 (2.2 percent) at $33.48 in Monday's session.

Many investors link the fate of the company to the approval of the Dakota Access Pipeline, which will be decided by the Trump administration early in his term in the Oval Office.

After a lower open, it continued in that direction until it found support at $32.93 and began to rebound. That low coincides with multiple lows the issue made at the $33.00 area throughout the month of November and early December.

The ensuing rebound has taken the issue to $33.60, which is well shy of Friday's closing price of $34.28.