NGL Energy Partners LP (NGL)

[jugs]

Raymond James, my most trusted provider when it comes to projecting future valuations in the commodities area, has just announced they've raised NGL to their "Outperform" level of recognition.

We steadier energy investors have seen this for some time now, so it's not surprising when we find others jumping onto the bandwagon.

NGL is a lone ranger of sorts as it's multi-focused and with the exception of pipelines and resultant transmissions of product, it tends to NOT gain a lot of attention. What intrigues me is how stealthily they go about their business, always watching for opportunities and then seemingly unafraid, the company makes a major move. On top of that, the moves are not usually accretive in the very short term, but, instead, stretch out over a longer horizon.

That's forward thinking and I happen to love it!

This, in response to cat's and Pete's posts preceding my own, will explain why I prefer to leave a lot of gains squarely on the table. Does it feel good to close out a portion of my gains? You betcha!!! But until I sense the Pendulum of Doom gathering unwanted energies destined to chip away at those gains, I find reason to continue to support the process of profiteering.

Whatever works for each of us is the ideal arrangement. But I have to admit I enjoyed immensely seeing Pete speak to enjoying trading more recently as not previously experienced. That's a potent ingredient when it comes to the "art" of investing. One should never lose sight of the trader within. And he's changed his style!

NGL, however, is on the rise and I'd caution folks to enjoy the ride because NGL has a life of its own and we're seeing nothing to derail things in the short term.