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Same here
Wise, very wise
The three top officers just disposed of thousands of shares. Wander why. Bad news around the corner or something else.
The shorts at SA are having a party. Trashing NGL big time.
I agree
Oil's down and so are we.
Not a good day to be in the Energy Space today. Combine that with the short attack and we see the results. It will turn around for sure. The question is when.
It defies logic at this point
Jugs that makes perfect sense
A lot of positive activity around this little company lately. Still under the radar.
Jugs thanks for posting the full press release. I saw it on the Fidelity site but could not get the whole thing. I'm happy I added in the nines.
S&P Revises NGL outlook to stable from negative
Great news. First dosing today for Parkinson's.
So, that's what a short attack looks like. Scaaaaaaaaaaaaaaaaaaryyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy
Now I'm waiting for sub $11 but I sense we should be close to bottom. Of course with investing you can never be certain
...and I just bought some. I can afford to be wrong.
Investing 101.
Don't take anything for granted.
I know I've heard that. They also said some other things about you.
Any updates on the presentation.
Come to find out that Voyager is not just a customer but also a major investor. Very interesting.
The $2mil early payoff to Brainlab was a very good sign.
Very promising
Price manipulation galor
Interesting
NGL Energy Subsidiary to Pay $25 Million to Settle Fuel Credit Charges -- Update
BY Dow Jones & Company, Inc.
— 4:27 PM ET 09/27/2018
An affiliate of NGL Energy Partners LP ( NGL
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) will pay a $25 million civil fine to settle allegations that it mishandled renewable fuel credits.
The affiliate, called NGL Crude Logistics LLC, is an operating entity at NGL, a Tulsa, Okla.-based company that offers a range of services related to the oil, refined products and water sectors.
In a statement Thursday afternoon, NGL said it "was not involved in any way in the alleged violations," which occurred before it purchased the affiliate's predecessor company, Gavilon LLC, in December 2013.
After buying millions of gallons of biodiesel on the open market in 2011, Gavilon generated 36 million credits, or so- called renewable identification numbers, according to a statement from the Justice Department and Environmental Protection Agency.
Gavilon sold the fuel credits to other entities and sold the biodiesel to a company in Iowa, the regulators said. That firm subsequently reprocessed the biodiesel, creating a second set of fuel credits, according to the government, and sold the same fuel and newly created second set of credits back to Gavilon.
Gavilon was then able to sell most of the second set of credits, according the statement from the government agencies.
Mike Krimbill, chief executive at NGL, said in prepared remarks the company inherited this situation after Gavilon in 2013.
NGL is "disappointed that the government sought to hold NGL financially responsible for actions committed by a predecessor company (and its management) some two years prior to NGL's purchase of the company," he said.
But the company is pleased to "resolve this matter on a negotiated basis that avoided the additional legal expense and uncertainties associated with a trial," he added.
In July, a federal judge in Iowa found the NGL affiliate that is the successor company to Gavilon was liable for failing to retire credits when it initially sold the biodiesel and for transferring invalid credits, according to the Justice Department and EPA. The judge also said the NGL entity was liable for pushing the scheme on the Iowa company that reprocessed the fuel, causing it to violate federal renewable fuel program rules, the regulators said.
In addition to paying the $25 million civil penalty, the NGL affiliate will retire 36 million fuel credits it controls, worth $10 million.
The credits are generated when a company producing a qualifying renewable fuel. They can be bought and sold. Refineries and other energy companies use them to meet renewable fuel production requirements.
Shares of NGL were up 0.7% to $10.75 in mid-day trading, but hav
Will do. New at this.
Are you sure? Mine does. It's also on Fidelity and I hub. Wonder if this is the culprit behind the decline.
Did you guys see the EPA news?
Of course
You're right jugs. Live and learn. Hopefully.
Another 100 for me. Please don't lough. Just try to preserve some dry powder for more extremes.
Today is the opposite so far. Very good volume and even better price appreciation.
Thanks jugs and keep up the good work
I added some last week but not as much because I got greedy and was waiting for lower prices. Live and learn. Hopefully. Still happy
Spot on jugs
As the song goes, "...total destruction, the only solution..."
This is a gift. Take advantage of it.
Higher volume and price was down. Not good.
I like the space. Good potential.