NGL Energy Partners LP (NGL)

[pete807]

The jury is still out a bit for me on NGL, which I love!, but if you are a buy and hold type like I have been, while learning to flip some for profits, or because you think they can be rebought at a better price and provide tax relief along the way, that is just good strategy. I will be a long term holder in a while but I am in my first year of this one so the profit is low hanging fruit...

Consider this comparison:
I have held EPD so long the original capital is ALL returned. The taxes on a sell would on 100% of proceeds, all ordinary income. The yield is 5.92% and the distribution has been raised EVERY quarter for 12 YEARS!

NGL yield is 6.62% now on a reduced distribution, after the BOD decided they had to change the direction a bit, which they did, (insert applause and respect here) resulting in a rebound and the giant gains we have been part of this past year. They said in their CC last Summer their thoughts about increasing the D revolve around market perceived sustainability, coverage, and a goal of returning to the $2.50 level. (One year ago it was $2.56 annualized). That time is approaching, at least to begin the crawl back to $2.50. They paid .64 for some quarters even as the price was falling into the twenties, before the crude crash. The question section of the CC will be interesting... here is a post about that Summer one:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124335399