I hold a number of pipeline mlp's of which this has been one of the worst performers---being fair my entry timing was poor, but, reviewing the estimated growth and dcf growth these guys look very well positioned to me. There are a number of large investment houses that hold a lot of units here and maybe that overhang is holding the price down. My gosh this last dist.hike was huge and went nowhere. What am I missing folks?
With good reason after that blow up of the Tulsa bunch. It will be interesting to see where those assets go and how things are handled. Very sad, but, thank goodness I have no involvement there. As far as ngls, I think I'll nibble slowly on a few shares. P and S, thanks for your repley, I've enjoyed reading your posts other places and hope seeing you here is a good sign.---wge
I have asked myself the same questions. This company is going to do great. When they were around $30...a hedge fund went under(which was the biggest holder of NGLS) and the stock got pummeled and went to the low $20's. I bout around $23. Then it started moving up, because people knew it was undervalued. This latest drop is all just the market. Not too many people follow this stock...its not a volatile, high flyer. I think we have reached a point where it cant drop anymore...and we just need one more big player to jump in a buy. They are poitioned perfectly, and will benefit and the price will go up...we just have to be patient. If natural gas jumps this winter, we should see a quicker rise. My calculations show its easily a $30 stock. If somebody get behind it, we might see that by the end of the year. The dividend will help if the price stays stagnant. My two cents.