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USO oil etf is pennies away from a 52 week low. The coronavirus is pulling all oil related stocks down badly. But Jugs "wait" advice has already proven correct. My first entry into NGL was at $9.50 last year year and it was hard not to re-enter today at $10.02. But I will wait for clear skies and for the Swami to say buy buy buy........
Mike, insiders can NOT sell/buy prior to earnings. This is known as the "blackout period". Look it up.
Your story reminds me of the time my friend told me he was thinking of proposing to his girl friend and asked me my thoughts. And I quickly said "NO". He asked why No and how I responded so quickly. I said, it's easy. The fact that you're asking me tells me you have your doubts. Sadly he married anyway and it didn't last long.
As for NGL, I think the $9-$10 range is pretty safe. Oil prices have suffered for many reasons, and now the coronavirus. The other shoe to drop for US oil producers is a democratic president. But that may not happen. As Mike Pence was heard saying "Trump is unstoppable".
Are you calling a bottom? If so, I'll be in..... I've been waiting for Jugs to give the all clear. I notice that MMLP reduced their divy by 75% and is getting slaughtered today, and bringing SMLP down with it (another huge divy payer). I need confidence in NGL to sustain their payout.
When life gives you lemons.... add vodka!!
Good call Jugs. And just like that... the Iran concern is over and oil is put back in it's place And NGL suffers today. I'm just gonna wait till you sound the all clear before jumping back in. Don't forget now!!!
Good information!!! Thank you. NGL made a respectable recovery today, that was nice to see. I still really believe January will be a good month for NGL.
Reason for concern? Where to begin....
1. NGL rolled over today like the Titanic.
2. Volume was heavy: 3.4 million vs a normal of 1.1 million.
3. The was a 1.5 million AH transaction tonight.
4. Don't why I didn't notice this before: but there is 22k and 11k put contracts sitting at $7.5 and $10 strikes for April, representing about a $2 million bet NGL goes down to those prices.
So.... this certainly could derail my bull thesis. The bio fuel credit news was great but didn't move the stock. Something smells fishy to me. I love having this board to myself, have I mentioned that? :)
Stocks to buy article:
(scroll down to the Energy Stock section)
https://www.marketwatch.com/story/10-stocks-to-buy-as-they-get-hit-by-year-end-tax-loss-selling-2019-12-18?siteid=yhoof2&yptr=yahoo
Keekee, Serepta got fda approval for their Duchenne drug. Isn't this super bad news for Solid, or is there room for two? Thanks.
"Shares of several oil & gas companies are trading higher amid hopes that the U.S.-China trade deal will support oil demand in 2020 and the prospect of lower U.S. crude supplies."
DCP Midstream up big today with heavy Jan options buys. Also, saw an energy company got acquired today. Time to get back on board boys. If not, got to say, I love having this board to myself, yee hahhhhh.
Greek to me. NGL is on the move. I'm predicting $14 by Jan 31. Catalysts are: Rising oil prices but most importantly, rotation of money back into the energy sector. No guarantees, just my experience.
Energy stocks surge, as crude oil futures rise toward 3-month high
https://www.marketwatch.com/story/energy-stocks-surge-as-crude-oil-futures-rise-toward-3-month-high-2019-12-16?siteid=yhoof2&yptr=yahoo
I don't believe I've heard anyone mention this before....but as far as not enough good skin on the patient goes... can't they receive skin from someone else, like a family member? Thanks.
TDAmeritrade upgrades NGL from reduce to hold today (12/16/19). They are pretty good predictors of stock movement.
Who is "they"?????
VBIV has momentum. Just curious...is anyone else in SLDB? It was the other bio stock, besides VBIV that Joseph Edelman (hedge fund mgr) doubled down on.
Come on Jugs: I know you're dying to say somethun.............
That does not appear to be the reason NGL is up today. AMLP (Alerian MLP ETF) is up 3% today, so it is broad based. Maybe the energy sector, totally beaten up, will be the sector to be in for early 2020.
Great post Fmello. First time hearing about FB (the butterfly disease). The rcel platform is going to be fun watching mature.
Avita Medical Could Double in 2020 but Not Without Risk
https://realmoney.thestreet.com/investing/avita-medical-could-double-in-2020-but-not-without-risk-15190112?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
Summary:
Bottom line strategy: RCEL has already made a big advance from the $1 area so a period of sideways consolidation would not be unusual. Prices could trade in a $6.50 to $10 range for a number of weeks before making a move to the $19-$20 area. Experienced traders who understand risk could be a buyer in the lower end of this trading range.
Oh Hell, that was fast.......Never mind........
Interview on youtube. I recorded it and uploaded it. It should be available tonight at midnight Pacific time. If you're up late, search for "RCEL on Mad Money", otherwise I will post the link tomorrow when I wake up.
Mike is turning bullish.... should we be nervous or welcome him to the moon boys club? LOL
I don't know, BUT Cramer said, a company like this gets taken over. Either way, Avita gets introduced to a huge investment crowd tonight. I wouldn't underestimate that.
Well, that's a cold shower. Maybe: he thinks to sell after the Cramer pop, and then re-acquire the stock after the pop fizzles!? I.e, sell the news....
3pm California time on CNBC.
Mad Money tonight, you are correct: exact words from Cramer after being asked who his guests are: "Dr Mike Perry, they have spray on skin, this is the kind of company that gets taken over eventually..."
Boo yah ski daddy......
"Are you thinking NGL is depending upon these smaller companies for their daily bread?". Not just the smaller companies, but the bigger ones too. I'm thinking if all companies in their eco system cut back production, this is a negative impact. Generally speaking, the energy complex is bleeding behind the wood shed. Mike "wouldn't be placing huge amounts of money on the line knowing it's at great risk". True, but all companies, regardless of industry, sometimes face hurricane force headwinds. I just want to try and avoid these. Thanks for your continued insights!!!!
This article has me concerned Jugs, how about you? Since NGL does business in this area, they would be collateral damage. I mean, if your customers are going BK, that's a big impact.
https://finance.yahoo.com/news/meet-biggest-losers-u-shale-000000755.html
Your example seems to parallel that of SMLP. Share price went down to $3 and paying a 35% yield. Crazy. Would hate to see that happen to NGL.
Hmmm, that's good information regarding the payout coverage estimated to go back over 1.0x ... Makes me a whole lot more comfortable about getting back in when the time is right... thanks for posting that.
Nice summary Jugs (as always). Happy to hear you are doing great in the market and physically. I first got into NGL at around $9 and rode her up...then got out as she started to roll over. Almost re-entered when she $9.27 recently. Now over $10 appears to be on the uptrend. CEO buying those 100K shares was noteworthy. Energy is probably thee most beaten up sector. Those sectors are usually hit further year end as a result of tax loss selling BUT then winners in January. Stay Nimble I think :)
Why is this board so dead? It was bustling not long ago!? So many experts on this board yet no one suddenly wants to talk about why NGL is going down or what signs they are looking for to re-enter. This not the board I remember. Come on guys lets, good or bad, let's here it!!!!
Well that sucks. It shows NGL the worst of the bunch. Although there was an improvement from 2018 to 2019. Still, the current dividend payout looks to be in danger. Bummer. Great post. I went to the article too, it was good stuff. Thanks.
I sent an email to cnbc mad money asking if I could get a list of upcoming guests. They responded the next day, but said they could not give out that information. But I agree with Melody, doesn't really matter if it happens or not, big deal. And as for the person who said it would happen, he may not be lying at all, it could simply be HR misspoke.
Saw on CNBC this morning about the debt issue that many companies in the energy sector currently have and how difficult it is to maintain that debt. Companies like Chesapeake Energy were mentioned. Got me thinking about NGLs debt. Anyone know how to categorize NGL debt? Issue, non-issue. Any thoughts. Thank you.
New here. Love SpotOnTrades posts. I found this company via this news article that came out today on my other stock (sldb). In it, they mention vbiv and the hedge fund that doubled down on both sldb and vbiv. Spoton... you're profile shows you were suspended by investorhub ... what in the hell did you do, LOL.....
https://finance.yahoo.com/news/hedge-fund-innovator-joseph-edelman-182834832.html
Crazy volume. What I think we got going on here is just a good ole fashioned Texas tree shaking. If I fall, someone put me back into the tree, thanks in advance.
That does help thanks. I am not familiar with these filings. Can I ask: why are there 5 rows of Common Units? Why not just just have 2. One for Direct and one for indirect (ie. add the 4 indirect rows). Or maybe because he owns 5 different accounts?