NGL Energy Partners LP (NGL)

[Trueheart]

I do not understand the exuberance here. It seems that the further the share price descends the more excitement is generated about buying opportunities.

Seems to me if it got down to five bucks we'd see skyrockets and super novae.

As to the recent post on a day that NGL's share price fell significantly that the market averages were down too, the comment does not take into account that NGL's share price declined significantly as the market in general was at a pedal to the metal pace.

Could it be that the average stock cost in our portfolio is low only because we have been reinvesting our dividends? Is that something to remark about when we desire a real and sustained increase in the share price?

The 52-week average does matter. The time honored benchmark surely is a way to determine what your stocks are doing individually, vis a vis like stocks and the market. In my opinion management's recent decision to sell the propane business does not necessarily translate into a remarkable increase in the share price.

It could be that the "market" knows that this management is the same group that (allowed?) the share price to fall into the abyss over the years (read $24+) and apparently continued doing business as usual until the recent major move. Perhaps potential investors are wary and are taking a wait and see stance.

The current price is down 37% this year.

The question as I see it is this: Why would investors put their money into NGL rather than other stocks? What are the selling points?

The above said, I have become addicted to the dividend and do not plan to sell, at least in the reckoning future.

Good luck to us all.

Trueheart