NGL Energy Partners LP (NGL)

[jugs]

NGL has my eye as it does, always. However, before I can resume a position as a unitholder I'd got to see a measure of resolution.

Political issues loom mightily as one should expect. Economic recovery looms even larger in my opinion. Renewable energy is NOT one of my concerns for I know well that the percentage upon which we Americans will depend upon (non-fossil fuels) remains years away before it will be critically important.

The economy, despite protestations to the contrary coming from the Whitehouse, local oil patch banter and online oil and gas publications, continues to sputter along or, perhaps, continues to at least sputter. Too many people clinging to days of old---pre-pandemic as it were---it's a useless exercise for nobody knows what will be in a month, three months, a half year, even a year from here. Truth be told, we simply do not know! Fighting that reality will prove futile for the odds are too great against everything working out just like we would want.

I like the water emphasis, I have liked it for several years running. But there are too many other issues present skewing the landscape making it far too difficult to call any meaningful amount of resolution. I believe that NGL will finally prosper but only after holding on as we wade through obvious difficulties. So it will come down to how much the company is impacted secondarily as a result of continuing operations surviving and their vulnerability to difficulties experienced by contracted partners.

More and more I see a vaccine as the final solution for so much depends upon that. I doubt we will have such a dramatic breakthrough until the second half of 2021 if even that early.