Increasing my price target to $32-$35. I take back my $28 price prediction.
All of those stocks above are on the Alerian MLP screener, and are listed as Pipeline/Transportation K-1 issuing MLP's. All are considered in the same industry segement as NGL, and as you can see NGL is significantly undervalued in comparison to them all.
When looking at the screener, you can filter the industry segments. NGL is listed in the Pipeline/Transportion segment.
Plains GP Holdings (PAGP) probably the most likely comparable MLP in general. Yet NGL is still undervalued in comparison by a factor or 2-3 times. Also close ccomparable in the Pipeline Transportation segment is (PAA) Plains All American Pipeline.
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