NGL Energy Partners LP (NGL)

[jugs]

Not sure about $50 oil any time soon. Also, logistically speaking, the price of crude has nearly nothing to do with NGL. Pipeline transmission metrics are based on volumetrics alone. The public doesn't understand so they mix coal and sugar figuring they're both in lump form so why not? Propane, water clean-up work, the refining side--- these are tied in to the price of crude but not entirely.

I think this is why NGL tends to move in extremes, sometimes a dollar or even more in a single day. My thinking is that every once in a while the public shows signs of actually getting it and jumps on board hoping to cash in on the ignorance of others.

This is why I'll be in the hunt tomorrow morning because we are so obviously oversold. I want that dollar bounce I believe is just around the corner.