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Management should get a vote of confidence with this and the quarters financial numbers. The stock IMO is highly undervalued at this point and we will likely see a nice bounce today!
NGL Energy Partners LP Announces Agreement to Sell Certain Retail Propane Businesses to DCC LPG
https://ih.advfn.com/p.php?pid=nmona&article=76028825
NGL’s CEO Mike Krimbill. “The sale reflects a big step towards achieving our target compliance leverage of 3.25x or better. The terms of the transaction provide for a $20 million cash deposit on announcement that we can immediately deploy towards debt repayment. The remaining $180 million in cash proceeds, combined with the retained cash flows from the business generated through this heating season, provide significant cash for leverage reduction and allows us to maintain our earnings targets for this fiscal year.”
Revenues were up 29% YOY and were up in every segment.
1. Crude Oil Logistics revenues were up 25% largely due to the Grand Mesa pipeline which saw volumes increasing through the quarter.
2. Water Solutions revenues were up 28% with volumes growing in the quarter.
3. Liquids revenues were up 68%.
4. Retail propane revenues were up 26%.
5. Refined products revenues were up 26%.
Long term debt is down $25 million over the past six months prior to this announcement.
#63 back at you trding. Thank you kindly.
The DUDE abides!! #88 back at ya!
I wouldn't call sub penny BS proof of PPS decline either. lol lol lol
And clearly Congress is going to have to collude with drug distributers to start pushing abuse deterrent opioids to curb the epidemic and quickly.
Sorry, that is BS and everyone here knows it.
I called the 10 bagger at .06 cents and amount of BS is going to change that fact.
I'll let the removal of the FDA warning letter do that on it's own.
Circus parlor tricks gets used for sub penny BS.
Thanks for the heads up!!! I like the sound of this one.
$$$$ 10 bagger Catalyst $$$$
Working on 7 ADF opiods concurrently
1.) First ever generic ER 2 bead ADF labeled Oxycodone ELI-201
2.) First ever generic Embeda®
3.) First ever generic Troxyca® waiting comparator product launch
4.) A $50 million dollar ANDA
5.) Approval/Launch of First ever one bead Abuse Deterrent generic (reformulated OxyContin® ) filed 09-20/2017
6.) File Huge Blockbuster Undisclosed NDA
7.) Lauch All four SunGen generics ($3 Billion combined markets)
8.) Buyout/Acquisition
9.)BP Partnership for entire ADF line 10.)Uplisting to NASDAQ
exchange 2018-19
11.) First ever ER opiod with out food restrictions
12.) Complete PH III trials for the first ever 24 hour
13.) Generic of Reformulated Opana ® ER
14.) First ADF opiod for Chinese Pain Market by PuraCap/Humanwell
15.) Canadian Approval of SequestOx ® - patents in place
16.) FDA accepts citizen petition urging the FDA to phase out oral prescription opioid analgesics that lack abuse-deterrent properties
17.) First ever Immediate Release ADF labeled opiod with ORAL AD Labeling on hold till FDA guidance received
18.) Launch an additional 4 SunGen generics
19.) Chinese approval of SequestOx ®
20.) European approval of AD oxycodone/opiod - patents in place
I would only feel confident if I was a circus parlor clown making BS statements that nobody believed in the first place - such as sub penny shares are coming = LMAO
Gee and I heard a bunch of BS about BK, RS, sub penny and SequestOx was going to shelved for good at 34 cents as well. WHOOPSY!!!!
Go to love a call from .06 cents all the way to .97. Way over a 10 bagger!!!!
The next one is coming at the current PPS as well. I feel sorry for those who missed the first one.
Bc that is exactly where it is headed back to 97 cents and then $2 dollars a share.
It's why I'm continuing to buy hand over fist at these prices.
Everyone knows I nailed the 10 bagger call at .06 cents and then some.
What did I say was coming from the existing PPS - YEP another 10 bagger and then some $$$$$$$$
Meaning another day I won't have a written reply from Elite's TA saying Elite gagged it. lol
Well maybe it will get ELTP to .02 cents in another 40 years = LMAO!!!
Exactly - and everyone knows the .02 cent "SOONs" hit yet again today = LMAO!!!
Coverage depends on whether NGL meets or exceeds its guidance projections or not. Below is the history of NGL dividends. .39 cents has been solid and stable for well over a year. One the positive side, Keimbill purchased 75,000 units at a price of $8.86 on September 11 for a total purchase price of $664,500. More than a vote of confidence and then throw in that management authorized a $15 million share repurchase program for the remainder of this calendar year. I don't see management spending $15 million to buy back shares and then cutting the dividend in the process. Doesn't make a lick of sense. I think if management even meets their lower end guidance that .39 is easily sustainable for the foreseeable future.
Great question though and I'll love to hear a few other's take on it as well.
My best,
Couch
Date Div*
08/02/17 0.390
05/04/17 0.390
02/01/17 0.390
11/02/16 0.390
08/02/16 0.390
04/29/16 0.390
02/01/16 0.640
10/30/15 0.640
07/30/15 0.633
05/01/15 0.625
02/04/15 0.618
10/31/14 0.609
07/31/14 0.589
05/01/14 0.551
01/31/14 0.531
10/31/13 0.511
08/01/13 0.494
05/02/13 0.477
01/31/13 0.463
10/25/12 0.900
08/01/12 0.413
04/26/12 0.363
02/01/12 0.350
10/27/11 0.338
08/01/11 0.16
Gee just more BS - LMAO!!!
Gee and yet no letter from Elite's TA = LMAO!!!
Gee just more BS as in BK, RS, .02 cent "SOON", sub penny, SequestOx was put on the shelf for good, the warning letter will never be removed, Elite will never have enough money for a phase 3 trial.
Right after Nasrat says the warning letter has been removed in an 8k. It is coming!!!!
I know the PPS never climbed from .036 and then to .06 and then on to a 10 bagger like I said it would.
Gee and I'm still waiting for the BS to be verified. Don't worry the TA isn't gagged and so I won't be seeing any proof from the TA that it is.........if it was I would've already been given it. Next
And I'm still waiting for the past 20 years for the .02's "SOON" - I won't see a letter stating the TA is gagged for another 20 years either. LMAO!!!
Just more BS - still waiting for the response from Elite's TA. Let us know when you get it. Next
And anyone who has traded for 2 seconds knows Elite's TA isn't gagged. Throw up the letter that says otherwise. Next
Of course the TA isn't gagged. Just more OTC BS scare tactics.
LMAO!!!! I'm still waiting for the letter from the TA that states it has been gagged. LOL LOL!!!
LMAO - yes he's not a factory yes man!!! LOL LOL
Gee more BS as Nasrat never gagged the TA.
Gee more utter BS - but hey at least Nasrat runs the factor now as opposed to working for it. ROTFLMMFAO!!!
Gee just more BS like sub penny or the .02's "SOON". Next
I'd like to see what percentage of recent shares sold are from the company selling shares on an ongoing basis versus what percentage is from MMs and/or retail.
Would be a good question to put to Nasrat during the upcoming CC.
LMAO - so Nasrat was both a QA and a QC guy. Glad I could clear up the BS without needing to be linkedin pals. lol lol lol
Moot point will be when Nasrat gets the warning letter removed. Every pharma company on the planet gets a warning letter from the FDA. And when Nasrat came in Elite had already had a warning letter from 2012.....and Nasrat had to hire the people to contend with what the FDA needed......as Elite did not have enough manpower in place to contend with the FDA's needs.