NGL Energy Partners LP (NGL)

[jugs]

NGL premarket activity is showing a slight move in the direction of recovery mode.....higher by 25 cents.

At stake here? A couple of items:

1. The stock was beaten down mercilessly yesterday. As pete807 says, what's not to like about 9%? Compounded for three add-on quarters and it's going to come in at about 9.5%. Sweet!

2. Premarket action tends to be a fairly reliable indicator of truth lying somewhere beneath supposed reality. This isn't a bad stock issued by a poor company. It's a great stock some elect to join as it moves along its path of destiny. I'm in that group.

As folks realize they've been had by forces operating behind the scenes as it were, they'll climb on board to savor the family jewels. Some, no doubt, will be climbing back on board, wishing they'd not been so quick to aim an accusing finger towards a maligned trading subject.

In the end, I think stronger hands will take over management of units of NGL previously held by investors not ready to handle market sentiment approaching extremes borne of negativity.

As I view things, I'm of the belief that we will most certainly begin our process of trudging back to respectability known by us leading up to yesterday's debacle. Things will reverse and we will savor the moment for then is when we will openly acknowledge that we were right in standing strong in our investment commitment.