You've got a gain of $15,600 and you're complaining you've got no money?
You're funny.
I'm still underwater but only by $3.5K. I added six thousand units just prior to the launching of this leg moving higher. For months now, I've expected things to warm up around here in October and continue moving higher through February and into March of 2018. Against this backdrop, I have no worries as the plan is quickly coming together.
$12 and under in NGL remains a solid buy in my opinion. Just a few weeks from now we will be hearing from the Board about the next quarterly payout. I expect it to be consistent with company-led guidance already in place. Also, coverage has been a steady 1.2 times to 1.3 times so I'm not seeing cause for concern.
When the gloom and doom segment of the investment community finds NGL is about to pay 39 cents again as projected, that, plus very positive write-ups from notable analysts, should easily catapult our stock's units to something in the $14-$15 range, I'm figuring. Let's take the lower amount of $14 for the sake of conservative consideration:
We're still talking about a yield of 11.14% and I'm not bothering with compounding on an annualized basis. For my own purposes I'd be looking at 11.30% or thereabouts. I say this because this quarter's payout, if left intact, will be compounding over the next three consecutive quarters, thus increasing the next distribution value on a quarterly basis for three quarters based on a 4 quarter year.
My prediction is that when people see they've been frightened into putting their cash into other picks because newsletter writers steered them away from NGL--- they'll realize they've been had---aka misled through the use of fear and projections of inaccurate dire gloom ahead.
Those of us on this board for at least a few months are most likely well into the money. I'm close, myself, And most important of all is that I'm more positive than ever that I'll be closing out this year with a hefty gain in NGL. Based on today's close---a December trading finish in NGL will hand me another $41,100 I don't yet have. It will be a $38,000 gain for the year in this one stock. And, mind you, I'm expecting more than a $14 per unit finish.
Now, we need to look beyond this year's conclusion. My plan and pete807's has been based on projections including February and March of the coming year. We are both of the belief that $15/unit is a foregone conclusion with anything from $15-$20 likely. I know it's a big spread but I'm not ready to refine the number at this point. I will do so for anybody interested---shortly.
For now, let's love this moment. It's not been an easy road for sure. But those who have persevered deserve a slap on the back for numerous reasons.
Happy hunting!
