NGL Energy Partners LP (NGL)

[Value N Income]

NGL Energy Share Repurchase

On August 7, 2019 Dennis Coleman of Bank of America asked NGL Energy CEO Mike Krimbill about buying back units.

Mike Krimbill said: "Well, it's much more attractive today [NGL closed at $13.81 that day] than it was Friday [when trading above $15] . So we -- that's something that we are looking at seriously. When you start trading up here, 11%, 12% [talking about NGL's yield], it's cuckoo after what everything we've done over the last 18 to 24 months and continue doing. So it's certainly something we're going to seriously consider."


I would think NGL is seriously considering buying back units now that we are at $12. I would think they were already in the market yesterday.

I am sure Mike Krimbill has some missiles to launch at any short sellers. I can't wait.