NGL Energy Partners LP (NGL)

[Couch]

Got some good news to brighten your SUNDAY EVE/MONDAY morning opener Jugs!!

MLP Yields 15%, Insiders Buying, Attractive Risk/Reward Balance

https://seekingalpha.com/article/4109042-mlp-yields-15-percent-insiders-buying-attractive-risk-reward-balance?app=1&uprof=45&isDirectRoadblock=false

Summary

NGL traded recently at $10.50 and yields 14.9%. NGL's guidance suggests current year DCF of nearly $2 per unit.

At less than 5.9 times guidance DCF, NGL is a dirt cheap MLP.

The CEO just purchased $665k worth of shares and now owns 1.9% of the total shares outstanding. The company also authorized a $15 million share repurchase program.

NGL management is implementing changes to solidify results. Should NGL hit the bottom end of its guidance, the shares could offer a 27% upside potential.

NGL does come with risks, but even making pessimistic assumptions, it is cheap at the current price.