Shawn,
Please wait on NGL. I'm expecting it to drop lower towards $11.25-$11.50 as we drift through the next month and a half. This amount of droppage is to be expected not only after a major run-up as we've enjoyed in NGL but it's also reflective of a normal pullback following a distribution.
I'll also be adding to my NGL stores but only at the best possible prices. Today it bottomed at $11.95. I'm darned certain it's got another half dollar's worth of recently added steam to give up before fully consolidated at a new staircase landing. The only thing that might upset rebalancing such as I'm envisioning is a bit of major fundamental news coming from the company via PR/SEC filing. It could happen, of course, but for now the safer course would be to wait for the natural progression to remain in force and that has NGL dropping as is customary following a hefty distribution.
Stay in touch, please. We're here to help.
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