From the "Comments" portion of the Fitch-Bitch report as per the PR:
Interesting to me, at least, is that Fitch recognizes only fully completed transactions. We longs knew of management's intent when it came to applying cash from the retail propane division sale but Fitch et al will ordinarily not count these transactions until such time as all T's have been crossed, dots accounted. This is bean counting style.
NGL is pointed to as being very aggressive in terms of being an acquirer of water solutions destined to improve EBITDA although NGL's expectation of a 10% improvement is questioned along with a reminder of NGL's history of over-promising and under-delivering.
Yikes! Do I smell a hint of the stench of the Heaping Crappers?
All in all, there's a good deal of positive stuff in the Fitch-Bitch round-up and I think, as does Watch30, that this will retrieve a good bit of that which was struck down in a burst of wonton plundering yesterday, lo those many (not!) hours ago. And hold the Chinese soup, you lousy spellers among us! lol
Tis a new day, everybody! Let's enjoy every minute of it. The opportunity comes just once per minute and before you know it, the moment is past and they ain't no future in dat ever happing again.