NGL Energy Partners LP (NGL)

[jugs]

Just out via Bing---Stifel Nicolaus has just issued an upgrade on NGL---raising their target from $19 to $22.

While it certainly won't impede our progress, I always find it amusing to see a major analytical group catch up to us and our predictions. Yesterday I posted the same prediction at Seeking Alpha!

These predictions aren't all that difficult to make, really. So why did it take so long for S. Nicolaus so long to see what we've been seeing for some time now?

However, I'm pleased to see them jump on board more aggressively as this should drive our unit price higher.

As we count down towards the end of this year, I'm on the edge of my seat, wondering if I'll reach my portfolio target. Lots of critical buying and selling is happening but not involving any major positions such as NGL or ALDW. If I buy or sell either of those, I'll advise their respective boards simultaneously so as to avoid seeing friends caught due to any actions of mine.

I liquidated my position in MORL a few moments ago to unwind margin I'd utilized when adding recently to ALDW and NGL. MORL will probably be paying a 67 cent distribution in January but I didn't like the monthly interest charges my "loan" resulted in; also, there's much more money to be made NOW in capital appreciation elsewhere. And MORL suffered dramatically early this week when the Fed raised rates. Sure, the stock came back, but I had no way to rebalance things myself. Telling us it's gonna happen three more times in the new year was all I needed to know. I can't see much value in sitting around as I wait and hope for sweet payouts.

I also liquidated HDYN as I don't like the odds of the new drillsite panning out with adequate funding.

This is the end of the year and a perfect time to be redefining the path just ahead.

Good luck, everybody! I hope you're having as much fun as I am.