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TheBurningMan

08/10/20 3:08 PM

#7935 RE: Greek327 #7934

This part was scary though : "NGL Energy Partners LP's (NGLEP) B1 Corporate Family Rating (CFR) reflects its high financial leverage, heightened volume and counterparty risk following a collapse in upstream drilling activity and the bankruptcy of its largest shipper on the Grand Mesa Pipeline. Tight capital market conditions have raised its cost of capital.".
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bar1080

08/11/20 10:28 AM

#7937 RE: Greek327 #7934

Did you read that? It's damn negative. Mentions two dangers I've often pointed out, high leverage and counterparty risk. NGL's SEC filings mention those too.

https://finance.yahoo.com/news/ngl-energy-partners-lp-moodys-175910420.html