NGL Energy Partners LP (NGL)

[RyGuy]

Target $32.78. Updated Excel Spreadsheet market capitalization to show that even a double in price of NGL would not be absurd.



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.

Here is the link to the Alerian MLP screener:

https://www.alerian.com/education/mlp-screener/

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.

https://finance.yahoo.com/quote/NGL/key-statistics?p=NGL
https://finance.yahoo.com/quote/PAA/key-statistics?p=PAA
https://finance.yahoo.com/quote/PAGP/key-statistics?p=PAGP


https://finance.yahoo.com/quote/TCP/key-statistics?p=TCP
https://finance.yahoo.com/quote/SHLX/key-statistics?p=SHLX
https://finance.yahoo.com/quote/PSXP/key-statistics?p=PSXP
https://finance.yahoo.com/quote/PBFX/key-statistics?p=PBFX
https://finance.yahoo.com/quote/NS/key-statistics?p=NS
https://finance.yahoo.com/quote/MMP/key-statistics?p=MMP
https://finance.yahoo.com/quote/HEP/key-statistics?p=HEP
https://finance.yahoo.com/quote/GEL/key-statistics?p=GEL
https://finance.yahoo.com/quote/ET/key-statistics?p=ET
https://finance.yahoo.com/quote/EQM/key-statistics?p=EQM
https://finance.yahoo.com/quote/EPD/key-statistics?p=EPD
https://finance.yahoo.com/quote/DKL/key-statistics?p=DKL
https://finance.yahoo.com/quote/BPMP/key-statistics?p=BPMP
https://finance.yahoo.com/quote/BPL/key-statistics?p=BPL
https://finance.yahoo.com/quote/ANDX/key-statistics?p=ANDX


Here is a list of Fortune 500 companies. Based on Revenue there is only three other MLP's larger and with more annual revenues than NGL.

http://fortune.com/fortune500/

64 - Energy Transfer
105 - Enterprise Products Partners
115 - Plains GP Holdings
223 - NGL Energy Partners

Looks like NGL is still a potential more than double in price from here. $32 here we come!