NGL Energy Partners LP (NGL): Selling at this point would confirm idio...

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pete807

Re: Trueheart post# 780

Sunday, 05/07/2017 7:05:07 PM

Sunday, May 07, 2017 7:05:07 PM

Selling at this point would confirm idiocy.... which is what HFT machine trading scalpers would like.
But we will keep collecting decent distributions on the way to confirmation of higher ones in due time. The strong book value of 18.05 and the completed projects leading to earnings accretion plus the knowledge of strong financial backing confirmation a year ago makes owning NGL a no brainer, imo.
So jugs is correct, and I believe the stock starts trading ex on Tuesday, no?

This cash distribution is payable on May 15, 2017 to common unitholders of record at the close of business on May 8, 2017.

If you bought it last week it doesn't matter when it settles into your account.... your purchase date is when you bought it. You get the .39 distribution on the 15th.

"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-