Yes, but I'll bet it wasn't down yesterday!
NGL is being played hard and we've got to accept that it's the reality. We may find ourselves beaten up here and there but I'm still burping from my $14,480 haul yesterday from NGL. And DRIPs handed me just about 100 units today so I'm a happy camper. Unless I find I'm not happy with results and freshly launching plans yet to be revealed in the CC, I expect to continue adding.
Perhaps five years ago I took a small position in an MLP. After backing out distributions my cost basis is under $4.50. Today the stock goes for more than $30!
I'm of the belief that NGL Partners has as much potential as Crestwood Energy Partners mentioned above.
The only difference I see is that I've got to be patient. I have not been disappointed by the company's moves or execution. Sure, I'd be happier with greater distributions and more excitement. But I'm getting $58,000 yearly from this investment so I cannot complain.
Moreover, with the passing of each quarter I know I could sell a few thousand units at a small yet increasing profit if I needed to buy a new truck or something big.
But my wish is to continue building the position by adding. So I refuse to become a victim of market manipulators and, instead, am determined to remain focused focused on adding to my $58,000 NGL income. And if units should not rise to our anticipated expectations in a year or two, that's fine because the income derived is so rich.
So no complaints on this end, for sure! And I'll get adding at anything close to $10, that's a promise.
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