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Re: None

Wednesday, 10/04/2017 2:06:24 PM

Wednesday, October 04, 2017 2:06:24 PM

Post# of 8177
Three weeks ago as of yesterday's close, NGL stood at $9.25/unit.

The rise has been dramatic. It's time for things to cool somewhat. At this moment we're down 32 cents. It's not much compared to the current $11.95 which remains two and a half dollars above the aforementioned valuation.

This may be a good time to nibble on fresh units. The drop is certainly not precipitous.

On the near horizon is guidance regarding the next distribution. My thinking is that the company will hock its gold teeth if necessary, just to enable us loyal unitholders to keep the faith. At the same time, we know the company has excellent coverage meaning income is more than capable of meeting the expected distribution level.

As we draw closer to the date of guidance, it strikes me that today and some days ahead represent the last opportunity for shorts and market makers to play their manipulative games. Once the distribution is announced, it will be off to the races with higher valuations closely behind.

What? Me worry?

Then again, I've got just 23 units so those with deeper pockets may be more concerned. lol
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