Wednesday, June 14, 2017 2:15:19 PM
Something closer to $10 would fit my expectations and with time on my side, I'm watching and waiting patiently.
This is what has developed with NGL and I'm of the opinion that it's going to pay off handsomely.
Bottom line: What we may be seeing right now is the beginning of a downdraft likely to bring ALDW's asking price 10% lower or even more than that. The stock is worth more than the going price and those with huge pockets will take advantage of opportunities same as you and I will. At its current price, the yield is well above 14%. As we draw closer to the company's next guidance informing us of the 2nd Q's distribution, things will get juicier for sure.
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