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jugs

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jugs

Re: None

Monday, 08/01/2016 3:48:12 PM

Monday, August 01, 2016 3:48:12 PM

Post# of 8177
Just bought 300 units of NGL, paying $17.49. It will go ex-Distribution tomorrow morning at which time it will drop by at least the aforementioned (press release) payout of 39 cents. So in effect I paid $17.10 if we back out the distribution.

The big question is this:

Is NGL worth $17.10?

Hell yes, I say! Sure, things are in turmoil (that's turd-oil for long, turmoil for short) for the moment but this is nothing new, right? Looking out a couple of months from here I see NGL trading in the $19 range once again and if oil resumes its climb of late (now being unwound), it could easily top that.

So I'm here to stay and going nowhere. This one has treated me very nicely indeed, with very substantial gains to hold.

New cost basis is $11.19 on 7,000 units.
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