Yes. Receipt of the money from selling the propane division will clean up more than 40% of debt on the books. Some of the cash is earmarked for acquisition of properties tied to the water division. These deals will be immediately accretive and that spells balance sheet strengthening.
Management is very smart and they also own a lot of units, themselves. They want to see their personal nest eggs grow just as we do.
By SEC law, publicly traded companies must publish bottom-line changes within four days of occurrence.
NGL, then, is locked into full disclosure because of SEC law and it works to company unitholders'advantage also as these disclosures will undoubtedly drive unit price points higher.
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