NGL Energy Partners LP (NGL)

[tdeck]

Oil inventories last week were 4 million down, this week 5.6 million up, yesterday East-West Pipeline in Saudi Arabia shut down for over 24 hours, so 7-8 million barrels didn't head to ports 4 tankers damaged now in dry dock. Middle east could pop off any minute, etc.

The whole oil numbers thing is a weekly/daily game for oil traders numbers came out @ 10:30 and oil took off getting ready to break 62 was 61 this morning at open. Its all machinations of fairy dust.


And at the end of the day we aren't in the oil game so to speak we are in the water game, and its drill drill drill and with DUC inventories at all time highs the future is bright. Oil rises this summer more companies will spend the extra money to finish off DUCs, we win, again.

BTW I am long USO ETF's started this week 12.66-12.89 as I see oil going much higher by summer 70+ without middle east popping off.

Peace out.