The Special Situation Report

The Special Situation Report

On Running Co-Founders Return To Purchase Shares

Insider Weekends

Asif's avatar
Asif
Aug 23, 2026
∙ Paid

On Holding AG (ONON): $30.02

Market Cap: $10.03B

Enterprise Value: $9.20B

Introduction

In last week’s Insider Weekends article about the midstream giant Western Midstream Partners LP (WES), we spent quite a bit of time discussing another major midstream player: Energy Transfer LP (ET). In fact, we had the following to say about Energy Transfer’s historic in…

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