Koen30 asked me for a round-up. It's something I like to do weekly so here goes:
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.
