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jugs

12/22/18 4:02 PM

#4865 RE: Watch30 #4864

Always glad to be of help when possible as you know. You're built of the same mindset.

The only really meaningful thing in all of this aside from gains and losses is the time factor. We choose to put a major amount of cash into this one stock but we can't say we're ahead or behind YET--- because "yet" hasn't occurred.

In the back of every investment I make is a mental clock of sorts telling me to vacate a pick if it's not shown good colors within three months of purchasing. Over five years I've made a lot of money in NGL and I know what's happening. So while the market is in the toilet, I'm not and NGL isn't the one to drag me down.

This will be a life changer for all of us. Trey and I have communicated twice this week. I can tell you he's a fine man of good character. And he's always thinking on his feet, too.

As for the unit buyback proposal? NGL's creditors must agree to NGL's BOD plan as is widely known. And as I stated a week or two ago, it is up the the individual company whether such action would be launched or not upon the heels of an SEC filing (8-K).

NGL will issue a press release announcing the buyback launch at such time as our banks officially endorse the proposal.

While Trey did not connect the Pecos SWD sales to dressing up the balance sheet in the hopes of sweetening the deal for the banks, I am connecting those dots myself. That sale accounts for almost half of the $$ necessary for a $150 million buyback.

In five years I've never seen NGL better positioned for massive growth and respect.

Time is what will spell things for us but today is not a good time. The market is floundering and strong enough to reduce even Apple, Facebook and the likes of Chevron and Shell also. Better that we hold off the wolves for the moment. Our time will come.