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Wednesday, May 16, 2018 6:37:12 PM
NGL is being played hard and we've got to accept that it's the reality. We may find ourselves beaten up here and there but I'm still burping from my $14,480 haul yesterday from NGL. And DRIPs handed me just about 100 units today so I'm a happy camper. Unless I find I'm not happy with results and freshly launching plans yet to be revealed in the CC, I expect to continue adding.
Perhaps five years ago I took a small position in an MLP. After backing out distributions my cost basis is under $4.50. Today the stock goes for more than $30!
I'm of the belief that NGL Partners has as much potential as Crestwood Energy Partners mentioned above.
The only difference I see is that I've got to be patient. I have not been disappointed by the company's moves or execution. Sure, I'd be happier with greater distributions and more excitement. But I'm getting $58,000 yearly from this investment so I cannot complain.
Moreover, with the passing of each quarter I know I could sell a few thousand units at a small yet increasing profit if I needed to buy a new truck or something big.
But my wish is to continue building the position by adding. So I refuse to become a victim of market manipulators and, instead, am determined to remain focused focused on adding to my $58,000 NGL income. And if units should not rise to our anticipated expectations in a year or two, that's fine because the income derived is so rich.
So no complaints on this end, for sure! And I'll get adding at anything close to $10, that's a promise.
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