NGL Energy Partners LP (NGL)

[jugs]

Whoah, young man!

Less than two weeks ago we added at under $10.

Then we moved past $11.

Today we are above $12.

I'll be delighted with $13 by Friday if we can get there.

This is a big "if" but if we get to $13 by the end of this week or by the close of Tuesday's trading (next week), then $14 is very doable when we get confirmation of the 39¢ distribution next up. And this is the likely combination destined to bring us to your (and our) $15 projection.

$15.28/unit of NGL would represent a gain of 50% for me. At that point I might sell a few units but I won't mess with the majority of my position. And I won't sell a single unit without providing this board with details regarding the size of the sale and reasons for the timing.

We're in the catbird seat and it sure feels good, doesn't it?