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Friday, June 22, 2018 7:00:56 PM
Two weeks ago I predicted we'd hit $13. I was somewhat conservative but better to err on the short side rather than risk finding friends and followers alike reeling in pain. And we've nicely exceeded that amount!
Gaining 85 cents in a single week is no easy feat, for sure. But we've done it. I think it's now time to put some things together that we now see but couldn't have understood until now.
We know NGL's fundamentals lining up are beginning to kick in. They are fueling the fires that propel stocks higher, outdistancing the general market. The big question is this: Will they continue to move disproportionately to the general market?
I think so. There've been too many haters in the world and I think it's time for them to admit they may have been hasty in determining that NGL doesn't deserve respect. The big beef has been guidance that fails to materialize. What a lot of investors may not grasp is that management's failed guidance resulted from vulnerability to inconsistent weather patterns and management's excitement at the prospect of rewarding us loyal unitholders.
And now, in the end, management is being recognized for delivering. And their presently superior performance is paying off in spades for us. What people may not understand is that their wish to reward us is the very same energy that moves them to shake the tree right down to its roots, taking the same huge chances that we take! I saw this and felt it through and through when I spoke with Trey. And while I wrote voluminously on NGL's management being much like each of us, suffering the same as we do when things don't work out as hoped--- I got swamped with insulting remarks and became popular for being the object of scorn, stupidity, rose-colored glasses and a user of drugs.
I don't wish anybody ill and actually hope to see some SA folks crossing over the aisle to partake of our blessing. But I'm not about to hold my breath, either.
I think our time in the sub-$14 range will be very brief. I'm thinking about $16-$17 sometime this Fall---by October, I should think. However, if the current quarter proves to be something of a pleasant surprise, anything can happen which could easily catapult us much higher than any numbers we're embracing at the moment.
Let's hear from everybody over the weekend! We've got much to celebrate.
Recent NGL News
- 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
- NGL Energy Partners LP Announces First Quarter Fiscal 2024 Financial Results • Business Wire • 08/09/2023 08:39:00 PM
- NGL Energy Partners LP Announces Availability of its 2022 Schedule K-3s • Business Wire • 08/01/2023 10:30:00 AM
- NGL Energy Partners Announces Earnings Call • Business Wire • 07/19/2023 10:30:00 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM