No harpo, a very disappointed former Atlas owner that got fleeced. Then TARGA takes a dive to. Good news. Today I dumped this pig for a $6k loss since being acquired. Some of you are bound to lose even more. To much oil. No need to pipe with storage tanks full.
Even though the market is flying today, TARA keeps sliding into the abyss. ATLAS CEO and VPs must be laughing their #$%$ off . NGLS is going lower. Only use for this stock is to die and will it to heirs as an income stream.
Its on the down-low and has been on the down-low. It will continue to fall or stay where it is until this oil problem corrects, even though they are not an oil company. OPEC has a meeting in June. Will they trim output? Will the US and Russia trim? Maybe everyone will just start giving oil away.
MLP's really aren't very suitable for trading. Too many tax complications. If I were you I'd sell and buy a
XOM, RDS-B or another major oil company.
Leave the MLP's to us "Old Farts"
I wonder if some of the problem with this stock is the confusion of similar names as well as the recent acquisition of Atlas. I had a very hard time trying to figure out who owns what.
Please explain how you can have too much storage and supply. Also, please explain the sudden burst of a whopping 8 posts since 2005, all bashing ngls and talking about rate increase freakout. Fishy, dude.
Wait until $30 to nibble back in. This is a stagnant market and money is flowing out ahead of fed raising rates later this year.
NGLS bought a declining asset in the middle of a supply glut and smart money is rotating out of sector ahead of interest rate increases.
The entire energy game has changed. Money is flowing out. Over capacity in pipelines, rail cars, and wells. Too much supply should drive volumes down. Take the losses now and buy back in next year if MLPs are your game.
In for another $10 harcut. Stock is ok for old farts who want to will an income stream to heirs, but the 8% yield is not worth it for those wanting to create wealth.
Really? Sector rotation out of energy could keep this down for a decade and thats after another $10 haircut per share.
where is the market for the increase in production you are anticipating? Last I checked we had a glut of over supply, tankers are in contango, and wells are being capped.
Just relax. There will be some turbulence with the ATLS midstream buyout, low energy prices, and all the financing, and refinancing. It may take another quarter or two for the performance to clearly stand out. I'm looking for at least a 2% increase in the next NGLS distribution and ~6% increase for the TRGP dividend. With its 3.25 million plus share offering, TRGP will be buying some $53 million of NGLS with about ~19% of the proceeds. Both TRGP and NGLS should settle down and show nice last eight months of the year price increases once the dividends/distribution continue solid quarter over quarter increases. NGLS a is STRONG Buy; however, I generally do not buy MLPs...only GPs of MLPs. TRGP is my number one holding.
Sentiment: Strong Buy