I added 500 ALDW a couple of days ago, by the way---and for the excitement reason, primarily. Part of me wanted to know if I could read the crystal ball accurately enough. And part of me needed to find out if I had the balls to put my mouth where my money is.
Turns out my mouth sometimes ought to be moved as it acts no better than my butt. So now I have 25,500 ALDW units.
They made a pretty nice recovery today in the last couple of hours. NGL is going to be fascinating---starting tomorrow, I expect.
We know NGL isn't going to stay down for long...too well run for that as you well recognize. But I'm awaiting news from management in the form of an acknowledgement of over-subscription for the secondary. That always tells me the investment community is accepting the terms of engagement and then the phony analysts start piling on with their upgrades.
7,500 units is plenty for me but I won't be able to hold all of them as I've got some on margin. I haven't done the math yet but I'm not going to pay $268/month in interest on my margin total unless early returns in appreciation and distributions equalize the carrying cost.
There's time to decide. But my early morning 500 unit trade at $22.59 puts me ahead by $330 today which covers the margin cost ($56/mo.) for a half year. So far it's looking like a good trade. If units rise from here, it gets only better.
This is going to be quite a ride!
Recent NGL News
- 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
- NGL Energy Partners LP Announces First Quarter Fiscal 2024 Financial Results • Business Wire • 08/09/2023 08:39:00 PM
- NGL Energy Partners LP Announces Availability of its 2022 Schedule K-3s • Business Wire • 08/01/2023 10:30:00 AM
- NGL Energy Partners Announces Earnings Call • Business Wire • 07/19/2023 10:30:00 AM
- NGL Energy Partners LP Announces Fourth Quarter and Full Year Fiscal 2023 Financial Results; Guidance for Fiscal 2024 • Business Wire • 05/31/2023 08:37:00 PM
- NGL Energy Partners Announces Earnings Call • Business Wire • 04/20/2023 10:30:00 AM
- NGL Energy Partners LP Completes Divestiture of Marine Assets, 23 Unsecured Note Redemption and Debt and Leverage Update • Business Wire • 04/03/2023 10:30:00 AM
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • POET • Mar 27, 2024 10:52 AM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM