Replies to post #3879 on NGL Energy Partners LP (NGL)

[jugs]

I'll second that one!

Got a fill on 100 NGL at $10.90. Now waiting for $10.75 to come through. Hoping it doesn't but you never know.

This is a terrible market for us energy guys. But know this: The rout will stop. And when it does, those of us sticking our necks out will be the better for it. It's weeks like this one that determines the next millionaire.

Crude inventories are up, oil is down and one would think the world is coming apart at the seams.

It isn't!

There is nothing in this bloodbath that has anything at all to do with NGL Partners. This is the time we want to hold our collective breaths and simply wait it out. I sold a pick earlier today that failed to satisfy me and it loosened my purse strings enough to be in position to add a few NGL. And I'm banking on NGL rising in due time, whenever that is. For the moment, I'm setting up my portfolio so as to take advantage of the rebalancing that is sure to occur. These crazy low prices don't come along very often and this is the right time to be trusting ourselves.....or not, as the case may be.