After the U.S. government decided to halt construction of the DAPL pipeline, Wells Fargo thinks that the most likely outcome is that the project will be delayed. Wells does not expect Energy Transfer Equity (ETE), Energy Transfer Partners (ETP) or Sunoco Logistics (SXL) to have to reduce their distributions as a result of a one year delay. Such a delay would significantly, temporarily increase Energy Transfer Partners' debt levels and lower its discounted cash flow by 30c per unit, but would have "minimal impact" on its long-term financial health ,according to the firm. Wells says that any impact on Sunoco's financials would be "manageable." It thinks that the valuation of all three stocks looks attractive, but adds that DAPL could be an overhang.