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Re: Invest83838 post# 251347

Wednesday, 03/11/2020 2:11:16 PM

Wednesday, March 11, 2020 2:11:16 PM

Post# of 429287
You still working in the oil patch? Did you see what happened to NGL and their preferred stock NGL-B? Both got cut in half Monday, yield on NGL-B soared to 60% at one point - insane - they're not going BK for god's sake. Word is that Goldman Slacks started the Monday energy stampede by delevering two of their MLP closed end funds, assumption is they dumped the underlying stocks at whatever price they could get. GS's decision was likely prompted by what happened to oil futures Sunday night after the Russia/SA spat went public and SA slashed the price of it's oil to capture market share.

The Thought Police: To censor and protect. Craig Bruce

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