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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Elroy	3/6/2023 3:29:47 PM
	of 127

Here's a sort of interesting thing with NGL. The asset sales announced today were the last expected bit of news before the Q1 2023 earnings release. The news sounds like it will increase their cash position by $110 million, but quickly go toward reducing long term debt. It's super good news. The earnings release isn't expected until June - that's four months away. So what will the unit price do with zero news, the current "positive mood", and exectations of nice forward next twelve months' guidance.......in June? I think we have four months to sit in the stock, and enjoy slow steady price increases.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next