NGL Energy Partners LP (NGL)

[jugs]

Changes are afoot:

Just got a fill on a long-standing bid to pick up 300 units of NGL at $13.00

My position now stands at 14,000 units with a cost basis of $13.57.

It seems highly unlikely that we'll be seeing much erosion inasmuch as $13 is such a ridiculously low price. The payout based on 39 cents per quarter means we're getting $1.56 per year. The yield will be around 12.25% when you factor in the results of successive quarterly distributions compounding.

Today's assault on the unit price is looking like market manipulation to me. I've been warning friends not to be taken in by these strategies. It's happening now because (in my opinion) we're getting down to the wire pretty soon, what with guidance regarding quarterly distributions closer.

If ever there were a time for people to try to scare us of the retail crowd into thinking the sky is falling in---- this is it. A couple of weeks from now and there'll be greater visibility and less room for games to be played.

$13 is a price I very much doubt will last. I expect we'll soon be above $14. And I'm prepared to march forward no matter what.

Happy hunting!