NGL Energy Partners LP (NGL)

[jugs]

Just a little side note by way of addendum:

A dollar in annual distribution equates to an overall yield of around 7.5%. That's a pretty darned good return for an investor waiting five months or so, wouldn't you agree? And we don't know for sure that a cut is in the offing.

Either way it goes, I'm ok. And if there's a cut I'll add another thousand units for absolute certain, assuming we'll once again be going at firesale valuations.

Key here is to have access to dry powder along with NO MARGIN owed. Price collapses call for indefinite periods of recovery. The key to maintaining positive outlooks begins with personal conviction. This means we've got to stay current with corporate goals and fall-back provisions. Understanding domestic sector developments as well as geopolitical maneuvers will also provide us with the means to make smart decisions.

We will see this through. I'm as confident as ever. And I'm not trying to sell newsletters, either, so I'd be expressing dismay if I felt it appropriate. Instead, I'm pleased that the CFO and BOD agreed that we would be well served with the update they gave us. This tells me they will do their best to avoid a cut. But difficult times call for radical measures and we've got to be ready. So be it!