Replies to post #4275 on NGL Energy Partners LP (NGL)

[tdeck]

CC was very good, but the Fed being the fed, said they were going to hold but see a raise before year end. All them playing the game to keep things steady and not overheating IMO, they do what they do. This with the loss being a bit more than expected and bears being bears grasping on to any little thing, setting up the 10K ask block this AM scaring some, low volume, is good overall.

Still seeing 10K blocks being caught on the bid in a more robust pattern than normal, they to me are a certain type of accumulator and the PT increase, short term/intra day trading meaningless, its all good kids, we rise heading forward, nice and steady, remember as well had a big day yesterday, and we did not give back much before breaks were put on.

Peace out

[pete807]

NO... Not an increase I heard... Trey said the same thing as we know to be true and logical... here is my recollection: "With the yield this high it does not make sense to ask the board to raise distribution," They do not also expect to cut it as coverage is 1.0 and rising going forward. :o)

So the market needs to step up the value, which will lower the yield of course, and eventually IF there is a better connect with valuation, IMO, they will THEN address any distribution. A raise is off the table till this company gets credit for great moves they have made. I was not expecting or needing an increase with such a high yield!
-pete