You are certainly correct in your adding things up.
There are many analysts out there, naturally. Some are hired to crunch numbers, searching for the elusive uh-oh! factor as such discoveries will sometimes lead towards more concrete fundamentals sure to make us all instantly rich beyond belief. (Yeah, right!) This has great value when it comes to brokerages and stock wholesalers promoting units, hoping clientele will buy.
Then there are those who will be hired to represent greater understanding of internals (operations, management team, debt concerns and acquisitions destined to impact favorably)---but with a strong eye on helping the investment community better grasp a balance between the public's take and company leadership operating at the helm.
This is my history---as it well describes Investor Relations.
Personally, a glaring weakness I find in NGL's dissemination of critical information has to do with the Investor Relations delivery system itself. I'm not surprised that this would be a glaring weakness I'm seeing, for obvious reasons. But I must admit that I am very pleased to have heard management accept that future performance is now the primary focus, not the past with its failure to accurately predict tasty and sweet outcomes impacted by variable weather conditions. And there was something in the tone of spoken delivery that told me they are expecting to do a better job of speaking to acquisitions and other bottom-line changers in the future. This is a new development.
I see no that we're holding the price point fairly well with units in the $12.30 area. Toss back in the distribution and we're holding at about 30 cents below the $13 threshold. Things could be a lot worse.
More to develop as things develop, I'm sure.
News 
Market Data 
Discover 
