NGL Energy Partners LP (NGL)

[jugs]

Well, well, wellllll!

And yet another wellllll!

It was just announced that NGL's BOD has declared a 39¢ distribution due common shares covering the quarter just passed. This is in keeping with the earlier declared $1.56/yr. payout.

This is really wonderful news. Over the past couple of months we've seen severe public outcries arising from a discrepancy between CEO Krimball's pledge to raise the distribution according to a prescribed schedule and the BOD's determination to exercise prudence as we navigate waters common to these troubled hydrocarbon times.

Tomorrow I expect we will see a sweet bounce from today's dour mood that found our unit price actually touch $12.50 however briefly. I managed to scrape enough IRA cash to add about 200 units so I'm thankful for that. In all truthfulness I didn't expect distribution guidance so soon. Seeing this now is more of a relief than I'd realized might be the case.

Tomorrow, units should rise. I'd guess it will rise 40¢ on the strength of the distribution itself. Then it may tack on some more as new & old enthusiasts jump on the bandwagon in eager anticipation.

The big issue isn't the distribution itself! Rather, it lies in the fact that the media has done everything imaginable to scorch NGL's future prospects as a viable, promising company operating smartly and with strong regard for its unitholding community.

I'm so pleased to bring this information to those here who have trusted me for my spate of theorizing and have seen fit to have taken positions in NGL.

We all deserve a toast!