NGL Energy Partners LP (NGL)

[jugs]

It is a fine company, I've looked at it many times over the years, recently as well.

EPD is my preferred choice, however. They are currently paying about the same in terms of distributions. I prefer the breadth of business EPD focuses upon as it is less pipe-dependent.

For years I was a sizable holder of NGL Partners units. It's now pretty much in the dumps with units sub-$3. That's not for me. Their focus is largely water as I assume you know. PAA appeals to me as I like the gas operations universe in which they operate. Also, living in these incredibly unstable times, I prefer EPD's market cap which is far greater than PAA's.

Size does matter---to me, that is.

If I were to jump onto PAA I'd have to be able to identify a couple of concrete reasons to do so whereas I have built a 10,000 unit position in EPD over the past 2 months or so, having done just that.

Also I might add that over the past 52 weeks PAA has given up considerable ground amounting to twice as much (%) as has EPD. That speaks to instability I find unacceptable. In these times it is especially important to me that while I may be settling for a slower value-based gain than my usual, I need for my choices to exhibit greater security, too. When a company's units are operating at a sixth of their 52 week high, I am concerned.

Thanks for asking, always appreciated.