NGL Energy Partners LP (NGL)

[TNMopar]

If anyone here was invested in NS or NSH, we got royally screwed yesterday. I completely liquidated my position in them both losing all gains that had been made since early November. It was a real disappointment. That coupled with the big drop in NGL today served a big blow to my investments. However, selling NSH and NS yesterday freed up lots of dry powder to pick up more NGL today. Earlier today I picked up 2000 units at 12.31 and 400 more at 12.32.

Being frustrated at the huge loss (but a wonderful buying opportunity) I put in another order for 2000 more units at a limit of 12.25. It was an amazing weather day today so I jumped into my 1973 Dodge Monaco and drove over to the Smoky Mountains for the rest of the day...completely unplugged from the internet.

I came home to find out the 2000 unit order had filled and we closed up from there. I'm pretty happy with this investment. I'm sitting on 39 units now and contemplating more. My portfolio is very one sided at this point and that has me concerned but I am very happy with the news from NGL today.