Tuesday, January 16, 2018 1:45:40 PM
When the price of a unit breaks into higher territory, however briefly, we can and should expect it to flop up and down for awhile as the market watches for opportunity to capitalize on the fresh moment of momentum. Some will see an "AHA!" moment and sell into the perceived high of the morning. Others may be thinking, "Isn't this the top of the iceberg?"
I'm listening to both side of the thesis but I'm prepared to sit out these day-to-day fluctuations because they are as meaningful as a wink of the eye or a baby's smile after soiling the diaper.
The one thing I do get from the bounce to above $17 is the almost certain rise into the $17's. And I predict it will happen very soon, certainly this week. No doubt, some pricing action fluctuations will occur as a result of expectations revolving about NGL guidance, expected in mere days, not weeks. This Winter storm that's dumping cold air and hazardous road conditions on the northeast---this is the sort of thing that has some thinking:
"Who needs sugarplum fairies dancing when the need for propane is soaring?" I'm in this camp. And, according to "Weather Nation" TV---there's another Winter storm right behind the one now in play. While I live just a few minutes from the Mexican border---in southernmost Texas, it's in the 40s right now, going down to 28 degrees by tomorrow. And it's expected that there'll be some hours of sleet. This is extremely rare in these parts.
I think we could hit $18 or close to it by sometime next week. And it lends credence to our expectation of $20 or greater by Summer of this year.
For me, it's very exciting. Earlier today I was running through some Seeking Alpha comments from just a few weeks ago where I spoke very strongly in favor of one's investing in NGL. And I was shot down by a number greater than one! lol It's hard for me to see a portfolio gain of $155,100 in this one pick and respect all the naysayers. If they want to impugn the company, fine...so be it. But if you're here to make money? That's what I'm doing. And if I had available cash right now, I'd be putting it right into NGL because I'm convinced we're heading past $25 this year.
Happy hunting, everybody!
Recent NGL News
- NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units • Business Wire • 09/19/2024 10:30:00 AM
- NGL Energy Partners LP Announces First Quarter Fiscal 2025 Financial Results • Business Wire • 08/08/2024 08:35:00 PM
- NGL Energy Partners LP Announces Availability of Its 2023 Schedule K-3s • Business Wire • 08/01/2024 10:30:00 AM
- NGL Energy Partners Announces Earnings Call • Business Wire • 07/26/2024 10:30:00 AM
- NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units • Business Wire • 06/21/2024 10:25:00 AM
- DocuSign Stocks Drop 8.5%, Braze Surges 15% as 1Q Results Beat Expectations, and More in Earning • IH Market News • 06/07/2024 12:09:36 PM
- NGL Energy Partners LP Announces Fourth Quarter and Full Year Fiscal 2024 Financial Results; Guidance for Fiscal 2025 • Business Wire • 06/06/2024 08:33:00 PM
- NGL Energy Partners LP Announces $50 Million LP Common Unit Repurchase Program • Business Wire • 06/06/2024 08:20:00 PM
- US Index Futures Mixed; Oil Prices Rise • IH Market News • 06/06/2024 11:29:43 AM
- NGL Energy Partners Announces Earnings Call • Business Wire • 05/16/2024 08:33:00 PM
- NGL Energy Partners LP Announces the Payment of All Outstanding Distribution Arrearages for Class B, Class C and Class D Preferred Units as of Payment Date April 25, 2024 • Business Wire • 04/09/2024 09:15:00 PM
- NGL Energy Partners LP Announces Sale of the New Mexico Ranches • Business Wire • 04/05/2024 04:46:00 PM
- NGL Energy Partners LP Announces Cash Distribution of 55.4% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units • Business Wire • 04/04/2024 10:26:00 PM
- NGL Energy Partners LP Announces Status of Investor Tax Packages • Business Wire • 03/04/2024 09:45:00 PM
- NGL Energy Partners LP Announces Third Quarter Fiscal 2024 Financial Results • Business Wire • 02/08/2024 09:33:00 PM
- NGL Energy Partners LP Announces Cash Distribution of 50% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units • Business Wire • 02/06/2024 10:33:00 PM
- NGL Closes $2.9 Billion Debt Refinancing Transactions and Amends and Extends Asset-Based Revolving Credit Facility • Business Wire • 02/02/2024 05:55:00 PM
- NGL Energy Partners Announces Earnings Call • Business Wire • 01/30/2024 09:45:00 PM
- NGL Energy Partners LP Announces Pricing of $2.2 Billion Offering of Senior Secured Notes • Business Wire • 01/25/2024 09:58:00 PM
- NGL Energy Partners LP Announces $2.1 Billion Offering of Senior Secured Notes • Business Wire • 01/23/2024 09:35:00 PM
- NGL Energy Partners LP Announces LEX II Large Diameter Pipeline Supported by New MVC and Extension of Acreage Dedication • Business Wire • 01/22/2024 11:30:00 AM
- NGL Energy Partners LP Announces $700 Million Senior Secured Term Loan Facility and Provides Financial Update • Business Wire • 01/17/2024 10:48:00 PM
- NGL Energy Partners LP Announces 2023 Open Season for Grand Mesa Pipeline Starting December 6, 2023 • Business Wire • 12/06/2023 11:30:00 AM
- NGL Energy Partners LP Announces Second Quarter Fiscal 2024 Financial Results • Business Wire • 11/09/2023 09:23:00 PM
- NGL Energy Partners Announces Earnings Call • Business Wire • 10/20/2023 10:30:00 AM
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