Friday, November 18, 2016 8:18:25 AM
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.
Recent NGL News
- NGL Energy Partners LP Announces First Quarter Fiscal 2025 Financial Results • Business Wire • 08/08/2024 08:35:00 PM
- NGL Energy Partners LP Announces Availability of Its 2023 Schedule K-3s • Business Wire • 08/01/2024 10:30:00 AM
- NGL Energy Partners Announces Earnings Call • Business Wire • 07/26/2024 10:30:00 AM
- NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units • Business Wire • 06/21/2024 10:25:00 AM
- DocuSign Stocks Drop 8.5%, Braze Surges 15% as 1Q Results Beat Expectations, and More in Earning • IH Market News • 06/07/2024 12:09:36 PM
- NGL Energy Partners LP Announces Fourth Quarter and Full Year Fiscal 2024 Financial Results; Guidance for Fiscal 2025 • Business Wire • 06/06/2024 08:33:00 PM
- NGL Energy Partners LP Announces $50 Million LP Common Unit Repurchase Program • Business Wire • 06/06/2024 08:20:00 PM
- US Index Futures Mixed; Oil Prices Rise • IH Market News • 06/06/2024 11:29:43 AM
- NGL Energy Partners Announces Earnings Call • Business Wire • 05/16/2024 08:33:00 PM
- NGL Energy Partners LP Announces the Payment of All Outstanding Distribution Arrearages for Class B, Class C and Class D Preferred Units as of Payment Date April 25, 2024 • Business Wire • 04/09/2024 09:15:00 PM
- NGL Energy Partners LP Announces Sale of the New Mexico Ranches • Business Wire • 04/05/2024 04:46:00 PM
- NGL Energy Partners LP Announces Cash Distribution of 55.4% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units • Business Wire • 04/04/2024 10:26:00 PM
- NGL Energy Partners LP Announces Status of Investor Tax Packages • Business Wire • 03/04/2024 09:45:00 PM
- NGL Energy Partners LP Announces Third Quarter Fiscal 2024 Financial Results • Business Wire • 02/08/2024 09:33:00 PM
- NGL Energy Partners LP Announces Cash Distribution of 50% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units • Business Wire • 02/06/2024 10:33:00 PM
- NGL Closes $2.9 Billion Debt Refinancing Transactions and Amends and Extends Asset-Based Revolving Credit Facility • Business Wire • 02/02/2024 05:55:00 PM
- NGL Energy Partners Announces Earnings Call • Business Wire • 01/30/2024 09:45:00 PM
- NGL Energy Partners LP Announces Pricing of $2.2 Billion Offering of Senior Secured Notes • Business Wire • 01/25/2024 09:58:00 PM
- NGL Energy Partners LP Announces $2.1 Billion Offering of Senior Secured Notes • Business Wire • 01/23/2024 09:35:00 PM
- NGL Energy Partners LP Announces LEX II Large Diameter Pipeline Supported by New MVC and Extension of Acreage Dedication • Business Wire • 01/22/2024 11:30:00 AM
- NGL Energy Partners LP Announces $700 Million Senior Secured Term Loan Facility and Provides Financial Update • Business Wire • 01/17/2024 10:48:00 PM
- NGL Energy Partners LP Announces 2023 Open Season for Grand Mesa Pipeline Starting December 6, 2023 • Business Wire • 12/06/2023 11:30:00 AM
- NGL Energy Partners LP Announces Second Quarter Fiscal 2024 Financial Results • Business Wire • 11/09/2023 09:23:00 PM
- NGL Energy Partners Announces Earnings Call • Business Wire • 10/20/2023 10:30:00 AM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM