NGL Energy Partners LP (NGL)

[jugs]

The 200 unit order finally executed at $13.69. Revised cost basis is now $13.88. Total positions add up to 11,000 units of NGL.

This bottoming process will eventually give way to reality when people realize it's still a very substantial company altogether capable of operating very well in its space. The fact that one group of voices thought they could drive a basis for a rising payout arrangement banged heads with the BOD determined to move more conservatively? I have no problem with such nonsense. There are times my dear wife and I disagree on something. It's hardly the demise of our love and it's certainly not going to spell the end of a wonderful marriage.

Things happen, not always pleasant or expected, but they do happen---and companies will find things bouncy for awhile. So it is with NGL. As far as I'm concerned, units have now dropped from $24.50 down to sub-$14.00. My unit count (holdings) have mushroomed from 7,700 all the way to 11,000 as of this moment. It's good for an annual yield of $17,160 but far meaningful to me is my supreme confidence in the appreciation side. If Barclays is correct in expecting the unit to fetch $20, it's a $69,300 gain due to me.

I can wait as I'm receiving $1.56 for each of those units while waiting.