NGL trade for 12/17-12/23/2015

Posted By JM on Dec 23, 2015 | 0 comments

As I previously tweeted many times, we thought the midstream energy stocks were whacked too harshly the past couple weeks. We decided to pick up $NGL (NGL Energy Partners) due to management stating last week that they will keep the dividend for 2016 and not cut. This was the most important factor for us in choosing to swing NGL over other energy midstream assets like $KMI and $ETE, as well as NGL's high growth prospects in their crude pipeline that will be completed in late 2016. We were also considering $PAA as management also stated their dividend was safe (that trade would have worked out as well).

We rode $NGL stock up nicely and locked in profits today before the Christmas holidays. Net profit $28,868 in just only 5 days. Join the MookTrader stock chatroom for our live trade alerts!

ngl swing

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