NGL Energy Partners LP (NGL)

[pete807]

In the transcript here is the paragraph jugs was referring to. I was just going to post it when I see he addressed the same question...

We've been pretty consistent here and firm, but we're not cutting our distribution. We did that once in the past, we're not doing it again. We indicated we're going to maintain the $0.39 for this year and then look to recommend a book to the board that we would increase the distribution with really the caveat being that we hit our forecasted numbers of $475 million to $500 million. So definitely no cut, and there's been no discussion of a cut. All the discussions are about increasing as we [indiscernible] beat our numbers.

$18 is very doable if we have a normal winter more so if its colder... Those who are wishing they bought like we did at lower prices (although I have bought NGL 42 times all over the range and sold none) will soon be happy with their cb as well. The longer we hold the lower our basis gets as MLPs return your investment very well over time, especially when the yield is this high.