NGL Energy Partners LP (NGL)

[jugs]

NGL is on the move once again. When I added 300 units at $17.49 in the closing hours prior to its going ex-distribution, I was fairly certain it would develop into a nice trade. Without crunching the numbers, it's looking good at the moment.

A point I think I failed to mention earlier this week has to do with the unreasonably low price of the day. For a stock paying 39 cents in a couple of weeks, why did it drop more than a whole dollar on no news whatsoever? Beats me although this is what catdaddy, Pete and I get paid for---to try to keep rationale within bounds so as to help other investors make the most of opportunities.

I see it's now just above $18. I'm expecting we'll see $19+ soon enough. This is a rock solid company with a proven knack for surviving the harshest of conditions and STILL able to come up with profits in at least some focal areas, however slim they may be.