NGL Energy Partners LP (NGL)

[jugs]

This, just out:

Press Release: Fitch Upgrades NGL Energy's Sr -2-

This amounts to an endorsement of NGL's reliability with respect to the company's ability to manage debt. And that is at the center of this most recent storm of volatility driving the unit price lower while creating wonderful opportunities for the more knowledgeable investor.

I've left an offer on the table, a leftover from premarket hours. It's 200 units to buy if priced at $22.60. My previous buys this early morning come to an average of $22.59. So, while there's been some recovery since then, we can't know at this juncture how the investment community will view and TRUST that these uneven energies conturbulating (my own invention) will even out over the short term as in a few days or so.

Were it not for my having to scale my buys to what I am comfortable owing (on margin), I'd be a buyer at about a dollar under yesterday's close. That means I'd be a buyer at or near $23.25. Remember, we of the majorly committed NGL folks fully expect $30 before year end. It's the longer (middle) range that we aim for, not the day-to-day fluctuations that move on emotions.

We're talking about an expected gain of more than 30% just sitting there, waiting for our lustful embrace. lol