Barron's has come out with a fine article detailing what happen my own perspectives on energy-based MLPs. These have been suffering as of late, certainly everyone knows it to be the case. For Logistics-oriented companies such as NGL, the steep drop has no merit in the real world for several reasons. I'll let the Barron's story tell it to you but we can certainly discuss points on this board as members desire to explore more deeply.
Know this:
NGL closing at $12 is a crazy opportunity. I'll be a buyer first thing Monday unless it opens higher due to the above mentioned article plus SA has come out with a piece specific to NGL. I've not yet read the SA piece.
Also, Yahoo indicates that there are six analysts currently with their sentiments regarding NGL. One has a "hold" while the remaining five have "Buy" ratings out. As a group, the average valuation they see is right around $17.50, give or take a few pennies. Because I hold 12,800 units, that amounts to a $70,000 gain awaiting me in the wings, should it occur as predicted.
To read the Barron's fine piece, go to your brokerage account, look up (ticker) "CEQP" and it should appear as the leading news item of the day. However, don't be put off that it's not aimed specifically at NGL.Make no mistake---NGL is into logistics meaning that pipeline transmission and storage are very much at the heart of the Barron's piece. I'd post it here but for some reason am unable to do so. IHUB has something in place blocking my efforts, I suspect.
Meanwhile, please read the article and hopefully we will all benefit from your experience shared with ours.
Good fortune!
