Replies to post #2782 on NGL Energy Partners LP (NGL)

[jugs]

Life is not over because it's raining today even though Mom & Dad just announced the picnic at the lake would have to be off for today.

You will encounter other opportunities to add at fine price points. But it's your attitude borne of conviction that I find so appealing.

While I've not yet had a moment to investigate news accounting for today's drops in NGL pricing activity, I assume OPEC figures into things.

Also:

Threats of oil over-supply
Diminishing pipeline capacity
Global tails wagging us dogs


But I'm well aware of there being accretive deals on the NGL table about to be revealed---as they are completed. We all know the routine.

So I'm fine with how things are going. Today we dropped back but it was to be expected following a stronger than normal advance on the previous trading day---Friday of last week. And while it may take a couple of days to regain balance, we will. It doesn't mean everything will be hunky dory, but we will eventually arrive at a place that will represent a new support point. And we will then be better positioned to arrive at view of the next leg of our NGL journey.

Be happy!