This is where & when creditor approval of the buyback proposal would mean the most.
On the surface there's the obvious increase in unit value, perhaps 13% or so. But it's really the underlying unity between company bankers and BOD resolve to bring NGL's perceived value higher demonstrably---that's the real nut we squirrels want to crack for it would lead the way towards market-broadening sentiment.
Heaping Crappers' crowd of haters with their sour attitudes would become a thing of the past and our unit value can finally soar.
Smart traders and big money will play these odds. Those considering NGL for long term are buying in the 10's now, a great price, but if your fund has millions of units you need to trade around the normal drop of more than the distribution as those that are only here to collect the fat distribution head for the exit.
Trailing numbers still shows -$1.08/unit till end of fiscal year in 54 days. NGL is dead money for 90 days now. Money needs to be working.
That said I look for $11.50 close.
This is not trading advice. I am holding my core position long and strong. -pete
News 
Market Data 
Discover 
