NGL Energy Partners LP (NGL)

[jugs]

NGL is down around half a dollar three hours into this Friday session.

We need to keep at the front of our minds this:

Exactly one week ago on Friday, we closed out the week's trading with NGL perched at $8.70.

What we are seeing is people closing out trades in order to reel in gains for the week. This shouldn't be interpreted as folks losing confidence. Rather, they need to feed the goldfish tank and perhaps even themselves. There's nothing odd in this for we're all foraging in one way or another.

Those of us looking forward to end-game potentials will, hopefully, recognize that our staircase's next landing will probably be February-March of 2018. It's a scant half year from now with great promise.

If units drop to anything near the $9 price point, I'd be thinking about adding. However, I've got my positions secured exactly as I've wanted and then some so I'm not in the hunt, myself. I do hope others not yet satisfied with the depth of their holdings will consider adding at $9.50 and below, should the opportunity present itself.

Happy hunting!