NGL Energy Partners LP (NGL)

[jugs]

Just issued was an alert to the effect that UBS has cut NGL's price target from $17 down to $13.50.

While no explanation was given, it's likely a safe assumption that the target results from the energy industry-wide swoon. Certainly, recent acquisitions thoughtfully crafted such that preferred units provide the needed capital for those transactions speaks well to balance sheet considerations. This, coupled with our company's rising presence in water solutions pertinent to Permian Basin operations, sets the stage for subtle growth under the radar, so to speak.

Bottom line: I'm a buyer at something near the $13.00 level.

Good luck, folks!