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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (30343)	4/2/2008 12:08:15 AM
From: Spekulatius	Read Replies (1) of 78717

Added NGLS to my MLP income plays MGG, MWE and WMZ. NGLS is a fairly new MLP trading below IPO price like WMZ. Similar to MWE it is a NG midstream (NG gatherer and processor), so there is more commodity risk since a percentage of their payments are tied to NG prices. NGLS operates in the prolific Barnett Shale, so there is good organic growth and besides that NGLS benefits from "dropdown" of assets from the general partner for growth. the current distribution is almost 2x covered by distributable cash flow to further distribution increases are almost inevitable. biz.yahoo.com

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