Friends sharing thoughts...

[pete807]

NGL is a swing traders dream stock lately... The different opinions based on different trading styles and lack of discovery (Due Diligence) is apparent.

Other's here may understand the rise of HFT and algorithms better than I, so I am compelled to do a lot of reading in order to connect the dots.

Recently I posted about the change from small independent drillers to large (big oil) players in shale. I took the liberty of making bold a few points in the post I found meaningful, and the connection is more business for NGL, (which some here have seen and agree). Thanks,... it assumes the big oil players need NGL services as one article posted a while back called NGL the only big water solutions dominant player in the Permian, and said there was room for billions more of growth there.

These companies (Chevron and Exxon) are about to spend tens of billions to drill the Permian into proverbial Swiss cheese – no matter how many parents or daughters get drilled. Exxon this week was assuring the world that at $35 WTI they would still be thrilled to drill the “you know what” out of the Permian.
I see the silver lining is in the Midstreamers

If as they say they will drill even down to $35 I concluded we are indeed less dependent on the commodity pricing! So even a drop in crude or the overall market retreats to new lows, we should be fine with NGL.

My investing over 60% of my Schwab trading account here is a result of those conclusions.
GLTA!
-pete