Stock compression is what I've been seeing for a very long time, now. I figure it's just now beginning to uncoil, bringing us markedly higher.
The Stifel Nicolaus target revision is probably part of the favorable pricing action we're seeing this morning. But it's really just a matter of time as I see it---so many things have already lined up pleasantly to say nothing of moves now underway in addition to a number of actions either slated for acquisition or already being transformed into productive means. Too, as I've been thinking for some time---today's distribution receipt marks the "safety zone" for many less experienced investors. This often brings them to begin positions immediately following the handing out of paychecks to earlier investors.
As I've pointed out during the last couple of days, there's really nothing to hold NGL back any longer---critical moves have been made and are well underway. From here on and for the next three months, I'm seeing lots of headroom and really nothing to cripple our upticking slope. The caveat, if there is one, would obviously lie in the path of issues involving wars and terrorist activity.
I prefer to shut such considerations out of my own window of thought and, instead, focus on all that we've managed to corral right here at a website ordinarily reserved largely for penny stock purveyors now reformed and making money. lol
This is about to become an extremely promising and highly prospective stock pick for people new to not only NGL but the energy sector and MLPs, too. I hope we find the board member count rise as I know we have a lot to offer others new to a pick such as this one.
What a fantastic ride this is becoming, wouldn't you agree?
