I know.
Three and a half weeks ago NGL was at $8.90. Now it's at $12.30. I'm 100% positive it will rise above $13 near term.
If I'm right, then the 39 cent distribution will be quite meaningless in the greater view. There's not a huge difference between 39 and 52, certainly not enough to justify paying nine dollars, knowing the likelihood remains that a pick may have difficulty reclaiming lost appreciation turf for the time being. NGL will continue rising, in part because it is the lifeblood of many mutual funds and hedge funds. It's an income generator whereas AMZA is an income accumulator. Its fortunes are directly tied in with sector-related gains. By playing options and doing a fine rebalancing job of it, AMZA is able to better protect against downturns as experienced by individual stocks. But it's not prevented devaluation.
Lastly for me is that I want my money to be in position to profit every day through capital appreciation without being tied up non-profitably. With AMZA down more often than not lately, NGL is the horse for me.
I say that with tongue in cheek a bit (no pun intended as I can be a horse's ass at times) as I was underwater $91,000 just mere weeks ago and only this week have the tables turned. I sold NGL a year and a half ago, using the money to buy five choice acres adjoining my place. It's taken a long time to reclaim an enviable place in my portfolios but I always saw potential. I don't find that potential in many other stocks. I do see it in AMZA but not happening this year. That tells me I have to sow seed elsewhere. NGL and ALDW are my chosen sites.
Good discussion here. I hope I've addressed your issues with my stance. If not? By all means, fire away!
