NGL Energy Partners LP (NGL)

[jugs]

Good questions.

Of the 25,500 units held, about 3,000 are in sheltered accounts. Approximately $2,500 came in as cash and was automatically applied to outstanding margin.

I renegotiated the margin rate recently and now pay 6%. On about $50K in margin utilization I pay about $250/month. If ALDW rises a penny in a month, it covers my margin fee. I like that a lot! If NGL rises three cents? Same deal. My margin came about as a result of having added ALDW and NGL. Good trades so far, profitable for me.

The sheltered accounts are set up to receive new units via the Ameritrade DRIP program as the income isn't enough to warrant ongoing concern.