Friday, July 13, 2018 10:58:20 AM
Look at volume for today---an hour into the session and trades amount to about 16,000 units changing hands.
The price is ahead a few cents DESPITE the extremely narrow trading channel. So what can we learn from this?
1. Obviously there's not much heart (or conviction) in trading thus far.
2. About 20% of issued and outstanding units are representing the float-of-the-day. Miniscule!
3. Regardless of the lack of conviction and tiny trading volumetrics, we are still pushing against the potential for loss and ahead a few cents.
4a. No major push happening, right?
4b. Wrong?
My opinion is that it's wrong. NGL trading is stalled out for reasons none of us could possibly know. Are we being attacked by those dreaded shorts? Maybe---but how can we explain the muted response? Shorts---those big bad guys undermining our dreams and aspirations---if they're mounting an attack of meaningful proportions, then why don't they just give up the ghost and admit they're not making money here any longer?
If I were playing the short side I'd be moving on because there's far too much good stuff happening in this company and I'm positive my ears will be singed if I don't vacate. But this is if I were a short. I'm not! Definitely not!!!
NGL is stalled out because everybody who knows about the inner workings of the company and its recent positive strides knows darned well that glory lies just ahead. When will it move convincingly? Nobody knows but every single one of us with a unit or more could not be more convinced it's just a matter of which day it becomes entirely apparent that we're sailing far, far higher on this ride to the stars.
So I don't give a whit about shorts---I'm a long. I'm not wearing a watch so I can better understand the future. I wear a watch so I can stay in touch with the moment being lived.
By the same token, I buy units of NGL in anticipation of other people catching up to me and my knowledge---for sooner or later they will. And when they do? It's off to the heavens for us all.
We are in a situation begging for knowledge, understanding, patience and some money, of course. Whether investors out there place their hunches in front of things that we do or don't is of no consequence whatsoever. This game is played by strong conviction and the nerve to remain strong no matter what.
Stay strong, folks! Our boat will come in. It's just a matter of time, really. We know where this is headed and we know we deserve our fair share.
By the way, I'm very transparent when it comes to position and cost basis. I've got my sights set on NGL reaching $22.222 for that will be a hallmark worthy of a lifetime of investment participation---for me.
Anybody able to figure out why?
And while we're on it---what is YOUR number and while you're at it---WHY?
This should be very illuminating for the board so please don't hold back.
Thanks.
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
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