NGL to da moon (well, maybe to $10?)!! Message Board

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Gold/Mining/Energy : NGL to da moon (well, maybe to $10?)!!

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To: FIFO_kid2 who wrote (108)	12/31/2024 9:59:01 AM
From: Elroy	of 126

Yes, they added a fresh pipe they call the Lex 2. It cost $120m to build and is (I think) expected to add about $40m of EBITDA per year, for the foreseeable future. Also, it is exandable in capacity at a much lower price than the price paid to build. Still, the forward EBITDA / free cash flow numbers (including Lex 2) don't pay off the series D preferreds for years, if at all. In order to do OK (as far as my numbers show) all three segments need to show meaningful improvements from current levels, well ahead of their guidance and expectations. Any stock that meaningfully performs well ahead of expectations will do well. NGL's last report contained a reduction in the forward EBITDA outlook. That's the wrong direction. Maybe I'm wrong. Time will tell.

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