NGL Energy Partners LP (NGL)

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Ops Great Substance on NGL from the Yahoo(Fred) board
NGL Energy Material Events Timeline Summary

June 12, 2019 Mike Krimbill buys 25,000 Units @ $14.53
June 30, 2019 Mesquite acquisition closes for $900 Million
August 12, 2019 Shneur Gershuni with UBS maintains buy on NGL with $17.00 price target
August 16, 2019 Mike Krimbill buys 60,000 Units @ $12.72
Sept. 26, 2019 NGL enters into agreement to buy Hillstone for $600 million
Sept. 26, 2019 Institutional Investors are given preferred shares and warrants:
3,500,000 warrants exercise price of $13.56
5,000,000 warrants exercise price of $16.28
October 8, 2019 Shneur Gershuni with UBS downgrades NGL to hold with $13.50 price target

Current Price $12.00 Market Cap $1.5B

take aways:
a) NGL bought two companies HIllstone (will close by end of year) and Mesquite for $1.5 B which is current market cap of the NGL Energy Partners
b) CEO Mike Krimbill buys at $14.53 and $12.72
c) Institutional Investors take warrants at $13.56 and $16.28

The insiders and institutional investors think NGL will eventually be over @16.28
Shneur Gershuni who is right about 50% of the time disagrees.

I think we will know who is right after earings are released in early November. Personally, I will go with the institutional investors who analyzed the books and NGL future before putting up all that money.