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Thanks for the reminder, Bar. At this point anyone dipping a toe in should be largely considering the likelihood of unit capital appreciation. Any reinstitution of distributions is far in the future if ever. On a positive note insiders are still purchasing.
"CUMULATIVE Preferred shares."
Hope everyone understands that NGL has TWO series of cumulative preferred shares that are in arrears and likely have to be paid their accumulated distributions before commons get a cent more from the company.
He didn't go to Ag college either.
I guess Bill Gates is qualified to push vaccines.
Along the same lines, what did Bill Gate's degree qualify him to do???
Krimball has purchased 550k units the last couple of weeks. Is it meaningful? Maybe, maybe not. Make what you will of the data but it's hard to view as a negative.
So Darren Woods the CEO of Exxon and his Bachelors degree in Electrical Engineering does that make him qualified to run Exxon?
How about Energy Transfers Thomas Long? Does his finance and accounting undergraduate degree make him qualified to be CEO?
Does Martin Midstreams Ruben Martin's Bachelors degree in Industrial Management make him qualified to be CEO?
I guess too that Enlink's Barry Davis and his Bachelors in Finance from texas Christian is also unqualified.
Not another Hunter Biden!
So Krimball reported another 200,000 units bought...
Did you say something, Senator Warren?
That's fat compensation considering Krimbill's background which *seems* to be a basic education from Michigan State. No engineering or petroleum education which one might expect in his field. No strenuous business degree such as accounting. No CPA or Masters certainly. Any honors? Did I miss something?
https://chapman.utulsa.edu/donor/h-michael-krimbill/
Got anything to add about Krimbill's background? What makes him worth so much?
We hear about trivial insider stock buys; No one here discusses insider compensation. According to this, Krimbill takes home >$3,000,000 in total compensation.
https://www1.salary.com/NGL-ENERGY-PARTNERS-LP-Executive-Salaries.html
Given NGL's high leverage, shares are perhaps floorless. And now there's no dividend to support the stock price.
Meanwhile the S&P and Dow are kissing record highs.
WOW now printing 1.60 Yikes !!!
NGL pfd issues freefalling.
looks like a wasted 100 grand...wonder when the powers that be will finish us off with the ole reverse split...glta survivors..
The shills are mostly gone. I see that SA did another negative story on NGL today.
How many times do I have to advise this? "Buy Quality and Diversify."
"NGL Energy Partners: Preferred Looking Highly Overvalued"
https://seekingalpha.com/article/4439521-ngl-energy-partners-preferred-looking-highly-overvalued
Very bad hair day on NGL you buying the dip!
I am not referring to your comments I am referring to my opinion that you play the long short game and if you don't you are not as clever as I thought you were,
Take care.
How am I "playing both sides of the fence?" I've been utterly consistent AND right about NGL. Furthermore I've always advised investors (including family members) to shun gimmicky leveraged high yield "products" in favor of a diversified portfolio of growth blue chips.... stocks that survive tough times.
My investing horizon is very long. One of my key beliefs is "The Best Dividend Stock Isn't a "Dividend Stock." That belief has worked out beautifully.
If you went through the ER segment by segment Y/Y you would see it looked disastrous but it wasn't. Write downs were abound but if one can step back and see the forest not the trees, they know.
That doesn't mean this will not be a played with, screwed with stock this summer etc because it will that is the nature of the game trying to get back up the hill one so easily rolled down, but it's happening.
I hold my long and flip the bottom and will continue to do so keeping the shares that are free each flip and adding them to the long sack.
Keep and eye on the rig count not just the up in rigs but the Y/Y count,
if one looks the number to the far right is the Y/Y count and through Q1 they were for the most part down even Y/Y up until a certain point at April 30th, that is the key because the water is going to be the thing.
Now numbers for 2/3 the Q been over last years and they keep on rising by Q3 gonna be like shooting fish in a barrel.
They were down Y/Y up until that week now it is closing in on double Y/Y long term that is the thing that will help beyond all others, and divesting out of BS that has shakey future and never really paid off like the Sawtooth. They made some decent money on it for few years, but now was the time to do the "give three steps, give me three steps mister just three steps towards the door."
I like the little hidden NGL pipeline they added March 31st and Poker Lake is/will also be a very significant factor. Aren't going back to $10 let alone even $8 for 2-3 years IMHO until debt is sufficiently taken out and divies can be given again but IMHO $5 things keep at this pace $5 by Xmas is like taking candy from a baby.
It's all about the water, everything else matters, but the water is what will float them back to the $5 range. IMHO
https://www.aogr.com/web-exclusives/us-rig-count/2021
Peace out.
That isn't gonna happen we know that, but, I think they may be able to get to 25% EV vehicles by 2040-50 you and I both know, they NEED the infrastructure first the US is VAST in area and to increase the grids to cover it is going to take an eternity as everything with the govt does.
Why do they always make such bold predictions, timelines, like CA and MA saying by 2030?
I want some of what they are smoking because mine just isn't that good.
Copper is king and oil/ng use as it has every year will rise, notes much as it did, but, it is a long long long way from every being done, other thing they need to do is wean themselves off the air travel teat, which i just don't see happening in this overly spoiled world, especially the millennials, Gen X-double Z's spoiled rotter "me me me me and what about me" mfers that they are.
I probably would love to have a beer or two with you and chat one day, it will never happen but I just know you don't believe all the BS you post, you have to be a bit more rational in your thought, okay as I said other post, take care, hope you and yours have a great sumer!
Peace out.
You and I both know that you are playing both sides of this fence, which is fine, make that money I actually have my fingers crossed that they can do a quick dip to 1.85-1.95 don't know if I will get it though, the oil price, rig counts, now divesting out of things that really didn't pay off as well as they hoped while still keeping a foot in the door so they can take out more debt, is plucking my nerves because I feel that under $2 load up I am dreaming of slipping away.
But, we both know $5+ by Xmas as long as things continue as they are in all aspects.
Seriously all jokes aside, hope you and yours enjoy the summer, take care.
Peace out.
I've read speculation that the electric Ford Truck may the vehicle that makes EVs mainstream transportation, and eventually kills off IC engines if Ford can get the price down. The onboard AC generator is really an attention grabber.
I had a 36 KW solar Power Plant built last year and it has been really producing and paying me monthly. I have no more electric bill and the power company pays me for what I produce.
It has 108 350 watt panels and it is producing average of 800 dollars a month on a 28K investment. A solid 20% ROI. So between my wheel Plan SS and my Power Plant I am doing great these days.
I have a 3 year old Mitsubishi So I don't really need a new car but I am going to be real interested in a Electric car now that I have free electric so I'll be keeping a close eye on the new F 150 in the next few years!
There a little pricy for me I'll wait till they come down to around 30-35 Grand.
I've been following Ford for the past month and wish them the best with their new Electric F-150. Our two cars are getting quite old. Need to start shopping.
As for oil/gas plays and pipelines, it's always fun to toy with the shills. Most of the ultra high yield junk on SA is full of shills who are always "Thrilled during dips so they can back up the F-150!" But NGL is about the worst!
My own blue chips and index funds are doing fine. Had two or three record highs this past week, and no bowsers.
The Wheel is burning rubber at the moment. That is for the last quarter I have netted over 4 dollars premium on Ford with 20 contracts per week.
Other stocks I have been trading is TQQQ MO SO WBA UPRO IBM CVX and AAPL. With this strong market I have had an outstanding year thus far!
Defiantly not been trading NGL!
another disaster earnings report--- O.U.C.H
"NGL Energy Partners plunges to large loss, hurt by winter storm"
* "NGL Energy Partners (NYSE:NGL) -15.6% post-market after reporting a much larger than forecast FQ4 loss and a 42% Y/Y drop in adjusted EBITDA from continuing operations to $94.3M, driven by lower volumes in each operating segment.
* NGL says it processed 1.4M bbl/day of water during the quarter, down 17.6% Y/Y, primarily due to lower development activity and production volumes through the past year along with the impact from winter storm Uri.."
Much More...
https://seekingalpha.com/news/3703156-ngl-energy-partners-plunges-to-large-loss-hurt-by-winter-storm
$NGL a Fortune 500 company with a market cap of $390 Million.
https://fortune.com/company/ngl-energy-partners/fortune500/
With oil prices up and about to cross $70 a barrel... Lots of profits hopefully coming...
As tdeck mentioned...
Grand Mesa Pipeline; (ii) a new rate structure under the supply agreement, with an agreed upon differential plus an increase in the rate when New York Mercantile Exchange (“NYMEX”) prices """exceed $50.00 per barrel"
https://oilprice.com/oil-price-charts/
"CUMULATIVE Preferred shares."
Hope everyone understands that NGL has TWO series of cumulative preferred shares that are in arrears and likely have to be paid their accumulated distributions before commons get a cent more.
This new SA article makes that point and others:
https://seekingalpha.com/article/4431626-ngl-energy-a-long-wait-for-preferred-payments
US oil, gas rig count climbs 4 to 547 as Permian drilling hits 13-month high
Highlights
Oil rigs up 1; gas rigs climb 3
Permian rigs up 7 at 244 (NGL's backyard)
Peace out.
Well of course thus the $2 price tag, but for me now, it is a growth stock as the debt gets taken out revs rise back up and most importantly water usage goes up thus their #1 cash cow division's revs/EBITDA goes up.
Dividends double digits are way down the road, but, gradually price increase (legging it up steady) is the "new normal" for this going forward. It is going to be like any other stock in its position, "show me the money (EBITDA rising)" and "show me the debt decreasing" kind of deal and with not having to lay out that $240 mil a year in distribution and throwing that at the debt while having cut capex to the bone to throw more at the debt by way of buying it back at a discount, it's more than enough for me.
Not really a dividend guy, I can get 10-15% on my money 30 times a quarter on 30 different trades, i don't mind the extra cap gains. This is like any other undervalued play where all it is going to take is time, I got that, no problem. Each leg up I can sell a little bit getting my money out making what's left cheaper until 1-3 years down the road when I am selling the second half they do get those nice cap gains tax rates.
As mentioned before I am looking forward to the increase in revenues and thus EBITDA in the water division from Poker Lake I think this could be the thing that covers some of the Oil Logistics divisions reductions in revs/EBITDA from XOG cut back.
I have never been a fan of the oil log. end not enough money in it, revs yes but profits from it did nothing to curl my toes, thus why I never invested in NGL long term as you and everyone who followed this before knows I was 50-60K block in and out during ER/Distr. period was an easy trade.
For me with a $300M market cap with debt sorted nothing due until 2023 they have the time to whack away at that and as that happens the price shall rise and as revs etc return to pre covid levels or anywhere in that neighborhood even a few streets down initially it will still raise the price as the market cap is ridiculous.
Peace out
Hope that was a convaluted as my normal posts are, not really the writing type.
And byt the way I like that the big kids are doubling down, many of them in the recent reporting March 31 institutional holdings report, I like when they are in the sandbox they keep the ruffians at bay.
Nope, you posted nothing about the dividend or that it's suspended. That situation is old news, current news and future news as far as I can see. Has there been a change in the dividend recently? Could even be "forever news!"
When a stock's payout plummets that's usually mighty important. Explains why interest in NGL vanished.
Your post:
"Going to start loading this up, will be a few years before it hits $10-12 again but will be $4 soon enough.
Oil up
Rig counts climbing by the week
Frac spreads rising by the week
No brainer.
Peace out."
Old news who cares it's meaningless son. You have a great day no need to reply to me, can just post what you wish to all.
I called it going to $14 months before anyone else and then told all I was out for good in the $12 range as things IMHO were getting ready to go terribly wrong in terms of XOG.
Now I am in like Flynn again and me and the boys at the CC are good with loading it again as all signs now point north.
I think I said that it had a few years to go before it would be $10-12 again paying a dividend so why one would wish to grasp at that old straw is beyond me but you do you.
I just know one thing it is coming out of the basement and will be residing on a another floor here soon and sooner than you think chuckles. Here is one for you sweetheart since we are going to look at old things, lets look at one that matters shall we, and I have even more in my bag of tricks to show you if you wish.
February 9th............... Announcement of a global settlement agreement with Extraction which, among other consideration, provides for: (i) a new long-term supply agreement, which includes a significant acreage dedication in the DJ Basin, and retains Extraction’s crude oil volumes for shipping on the Grand Mesa Pipeline; (ii) a new rate structure under the supply agreement, with an agreed upon differential plus an increase in the rate when New York Mercantile Exchange (“NYMEX”) prices """exceed $50.00 per barrel"""; and (iii) the receipt of $35.0 million from Extraction as a liquidated payment for the Partnership’s unsecured claims
I could be wrong but that $50 needed for an increase in rates (revs for NGL) is has was and will continue to be the case. If you wish I will extrapolate and give another dozen reasons why revs will be up and will grow exponentially in the coming weeks/months/quarters ahead.
Don't just sing that same old the dividends ended and throw up 2020 Covid/XOG BK song and dance, we are all gonna know in less than a week.
$10+ is a long way from being a reality again but living in the $2 sand box that is getting ready to end.
Peace out.
Important News From NGL Energy Partners!
Feb. 4, 2021: "In connection with the refinancing, the Partnership agreed to certain restricted payment provisions under the 2026 Notes and the ABL Facility. One of these provisions requires NGL to temporarily suspend the quarterly common unit distribution beginning with respect to the quarter ended December 31, 2020, as well as distributions on all of the Partnership’s preferred units, until the total leverage ratio falls below 4.75x. The cash savings from this suspension should accelerate the deleveraging of the Partnership’s balance sheet and increase NGL’s liquidity, thereby creating more financial flexibility for the Partnership going forward.
“This refinancing of our credit facility meaningfully extends our debt maturities and provides a significant improvement in our liquidity,” stated Mike Krimbill, NGL’s CEO. “This structure also gives the Partnership additional flexibility once our leverage has been reduced and eliminates certain financial covenants. Our Board of Directors expects to evaluate a reinstatement of the common and preferred distributions in due course, taking into account a number of important factors, including our debt leverage, our liquidity, the sustainability of our cash flows, upcoming debt maturities, capital expenditures and the overall performance of our businesses.”
[Click link below to read the remainder of the PR]
http://www.nglenergypartners.com/investor-relations/press-releases/
Going to start loading this up, will be a few years before it hits $10-12 again but will be $4 soon enough.
Oil up
Rig counts climbing by the week
Frac spreads rising by the week
No brainer.
Peace out.
I sure wish I could put a "like" on your comment.
Trueheart
Nope, we all died. Feel free to speak ill of us at your leisure.
Natural Gas prices soar amid bitter cold. Anyone left here? Anyone???
'Trueheart'
Thanks for posting that.
Jugs will be missed here.
You said, "I suspect that several of the SA shills left with Jugs."
Jugs died of cancer, goddamnit!
Trueheart
"Do I win..."
I would say any other year, yes. Too bad Trump was in the running this year. Better luck next time. You have the skills in the area, just not your year.
Regarding NGL, it's investors and the state of the company, vindictiveness and callousness are not the qualities of a mensch.
Trueheart
Well I bought back my contracts at .15 yesterday so my profit was only 38 dollars.
When I sold them I did it based on the news that day I did not realize they had earnings report coming out 2 days later. When I saw that earnings were imminent I put up a offer to buy back at .15 it took all day yesterday but finally at the end of the day with 15 minutes left It took.
I got lucky and this is not a stock I would want to own so I decided to follow my rules and run for the hills.
That earnings report was a disaster!
I suspect several of the SA shills left with Jugs. I was very close to copying your option trade on NGL but didn't want to melt the brain of the old CPA who does my taxes. His clientele is mostly blue collar. Doubt he sees many option trades.
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We are a Delaware limited partnership formed in September 2010. Subsequent to our formation, we significantly expanded our operations through numerous business combinations. At March 31, 2015, our operations include: † Our crude oil logistics segment, the assets of which include owned and leased crude oil storage terminals, owned and leased pipeline injection stations, a fleet of owned trucks and trailers, a fleet of owned and leased railcars, a fleet of owned and leased barges and towboats, and a 50% interest in a crude oil pipeline. Our crude oil logistics segment purchases crude oil from producers and transports it for resale at owned and leased pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs. † Our water solutions segment, the assets of which include water treatment and disposal facilities. ... More ...
NGL Energy Partners LP, through its subsidiaries, operates as a vertically-integrated energy company in the United States. The company operates in three segments: Midstream, Wholesale Supply and Marketing, and Retail Propane. The Midstream segment involves in the delivery of propane from pipelines or trucks to propane terminals and transfers the propane to third-party transport trucks for delivery to retailers, wholesalers, or other consumers in Illinois, Missouri, and New York. This segment owns three propane terminals located in East St. Louis, Illinois; Jefferson City, Missouri; and St. Catharines, Ontario. It serves 120 customers in Illinois, Missouri, and New York. The Wholesale Supply and Marketing segment provides propane procurement, storage, transportation, and supply services to approximately 500 customers in 30 states in the mid-continent, northeast, southeast regions of the United States. This segment serves refineries, national and regional distribution companies, and independent propane companies, as well as to national, regional and independent retail, industrial, wholesale, petrochemical, and propane production customers. Its services include shipping and maintaining storage on pipeline systems; and supplying to customers through terminals, refineries, third-party tank cars, and truck terminals. This segment also supplies propane and other natural gas liquids, primarily butane and natural gasoline. The Retail Propane segment markets, sells, and distributes propane to approximately 54,000 residential, agricultural, commercial, and industrial customers in Georgia, Illinois, Indiana, and Kansas. It operates 44 customer service locations and 37 satellite distribution locations. This segment also involves in the sale and lease of propane tanks, water conditioning equipment, and treatment supplies. NGL Energy Holdings LLC serves as the general partner of NGL Energy Partners LP. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.
Declare Date | Ex-Div Date | Record Date | Pay Date | Frequency | Amount | Adj. Amount | |
---|---|---|---|---|---|---|---|
2018 | |||||||
10/23/2018 | 11/7/2018 | 11/8/2018 | 11/14/2018 | Quarterly | 0.3900 | 0.3900 | |
7/27/2018 | 8/7/2018 | 8/8/2018 | 8/14/2018 | Quarterly | 0.3900 | 0.3900 | |
4/24/2018 | 5/4/2018 | 5/7/2018 | 5/15/2018 | Quarterly | 0.3900 | 0.3900 | |
1/23/2018 | 2/5/2018 | 2/6/2018 | 2/14/2018 | Quarterly | 0.3900 | 0.3900 | |
2017 | |||||||
10/19/2017 | 11/3/2017 | 11/6/2017 | 11/14/2017 | Quarterly | 0.3900 | 0.3900 | |
7/20/2017 | 8/2/2017 | 8/4/2017 | 8/14/2017 | Quarterly | 0.3900 | 0.3900 | |
- | 5/4/2017 | 5/8/2017 | 5/15/2017 | Quarterly | 0.3900 | 0.3900 | |
1/19/2017 | 2/1/2017 | 2/3/2017 | 2/14/2017 | Quarterly | 0.3900 | 0.3900 | |
2016 | |||||||
10/21/2016 | 11/2/2016 | 11/4/2016 | 11/14/2016 | Quarterly | 0.3900 | 0.3900 | |
- | 8/2/2016 | 8/4/2016 | 8/12/2016 | Quarterly | 0.3900 | 0.3900 | |
4/21/2016 | 4/29/2016 | 5/3/2016 | 5/13/2016 | Quarterly | 0.3900 | 0.3900 | |
1/21/2016 | 2/1/2016 | 2/3/2016 | 2/15/2016 | Quarterly | 0.6400 | 0.6400 | |
2015 | |||||||
10/22/2015 | 10/30/2015 | 11/3/2015 | 11/13/2015 | Quarterly | 0.6400 | 0.6400 | |
4/23/2015 | 7/30/2015 | 8/3/2015 | 8/14/2015 | Quarterly | 0.6325 | 0.6325 | |
4/23/2015 | 5/1/2015 | 5/5/2015 | 5/15/2015 | Quarterly | 0.6250 | 0.6250 | |
1/26/2015 | 2/4/2015 | 2/6/2015 | 2/13/2015 | Quarterly | 0.6175 | 0.6175 |
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