i wonder if ngls has any exposure to chk and the problems they are having within the last several days ngls has fallen more then most other mlps i monitor.the only other conclusion i can arrive it is that a large fund or house is taking profits. does anyone have any other suggestions that u r willing to share with this board. otherwise these stock gyrations do not lessen the great capabilites and future of this well run mlp. good investing dreiser139
NGLS has a lot of action in the Permian Basin of West Texas where CHK has a million acres or so of oil acreage up for sale to try and score some much needed cash. Whether this is helping drive NGLS lower is unknown to me. What I think is more likely is that NGLS soared to a 52 wk high on the back of a great Q1 report and is just falling back harder than other MLPs. NGL pricing in the SW is kind of weak,too, which affects APL,DPM,NGLS, and EPD more than others.
hachio thxs my suspicions also. if it goes under 40 may buy a small amount in addition have u noticed one of the least affected mlps over the last several days has been mwe. off course before that it has dropped roughly from 60 to 55. their growth and distribution increases look particularly attractive in our mlp area. gel still a winner even when sells off early seems to bounce back in late afternoon. good investing keep the faith dreiser139