NGL Energy Partners LP (NGL)

[jugs]

Wish I could present the article itself here but I wasn't able to upload for some unknown reason. We're talking about a fine analytical piece by Rida Morwa at Seeking Alpha. The focus is on NGL.

The analyst contends that NGL is a "very, very..." wise choice for those of us seeking hi-yield stocks with strong distributable cash flow capability. He points out that at the current price, this is a great entry point, given that a fairly recent secondary (offering) came in at above $22/unit. Currently the yield runs about 10%. Projects already on line are expected to drive the yield to a result of something above 11% over the course of the balance of this year as we head into 2018.

I added units starting at $16.75 over the past couple of weeks, buying more as the unit cost dropped with an alarming suddenness. Now holding 10,000 units with a cost basis of $14.30, soon to drop back to $13.81 as a result of the forthcoming distribution which is set at 39 cents/unit. Prior to my buying spree mentioned above I'd held 7,700 units.

For those not sufficiently aware of NGL, I STRONGLY suggest you go to Seeking Alpha and read the presentation. It's not especially complicated and you can always ask for clarification here. A number of us will be more than pleased to be of service.