This just came across my desktop, thanks to Seeking Alpha. It's a copy and paste taken from a column---probably a regular feature but one I'd not seen before.
The subject is: significant insider activity/ somewhat significant/ not especially significant and not significant. I may be doing a poor job of reporting as I've been down with a virus but I can tell you this:
NGL is one of just a handful showing this sort of activity. More in a moment but first let me present the paste:
Krimbill H Michael
CEO,DIR
NGL Energy
NGL
B
$544,005
You'll easily interpret the above but you might surmise that the "B" refers to a buy. Well, certainly it does. However---it is referring to outright market buys---meaning Mr. Krimbill has seen fit to add to his position in the company he heads with a half million $ spent on units of NGL you or I would have bought from, were we in the market to be purchasing.
That is pretty outstanding in my opinion. It makes me happy in ways that really have little-to-nothing to do with money I might gain. Rather, it is a reflection of our CEO's commitment to leading the company to greater success yet. And, mind you, I've made well over $100,000 through my ownership of the company's stock. With that said, I feel I can easily relate to the CEO's position without allowing emotion to get in the way, obscuring things. I believe he really cares deeply about those loyal to NGL stock ownership and appreciates the respect he is accorded.
This is business, simple as that! This is a man who is so confident that he'll dip into his personal estate to finance a major purchase because he recognizes opportunity at hand that not all will immediately appreciate. That last point is especially important as we arrive at it by way of looking for central issues that lead us to more penetrating understandings and eventual decisions regarding the things we do as investors.
You folks know I'm an aggressive investor/trader. And in that light I've implored others to take a hard, hard look at various offerings I cover. ALDW is one of my primary picks for the year and beyond (looking forward). But I've hardly forgotten NGL for I'm firmly in the camp believing it's going to begin its march towards even greater performance anew.
Disclosure: I'm holding 5,348 units of NGL with a cost basis of $10.72
As I've made known many times before, I sold several thousands of NGL units to enable the build-up of ALDW positions. In all, earlier this year I liquidated $80,000 worth of NGL to accomplish it. I've added another $110,000 since then in an effort to follow through on my overall plan which was and is that of finding spectacular opportunities and then pulling out all the stops in order to give the original idea and subsequent study and personal results room and fodder by which to grow into the fullest reality.
A few weeks ago I was underwater in ALDW by $26,300. I now stand about $1,500 ahead. It could not be clearer to me that this is going to become a huge winner for me and, I hope, many others.
I explain all this so that things are clear---I divested myself of a lot of NGL so as to take advantage of ALDW which was available to me at $5.70 and even lower at times. It was mercilessly beaten down yet I was convinced it was about greedy computers, having nothing to do with the company ALON. And now that I'm relaxing more with ALDW, my attention is moving towards NGL with renewed vigor. I added units over the past several weeks, about 300, I believe. But I've got price targets I'm willing to pay near-term and will jump on opportunities without hesitation for I believe in the company and my history of finding a few winners.
I hope this gives someone pause for meaningful reflection.
