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Gold/Mining/Energy : NGL to da moon (well, maybe to $10?)!!
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From: Elroy10/9/2023 10:38:14 AM
   of 127
 
NGL back above $4.00 finally.

I've loaded up on long Apr '24 $2.50 calls against short Apr '24 $5.00 (and a few $7.50) puts. I think sometime between now and March 2024 NGL is going to have great results and / or raise EBITDA guidance, and that pushes the unit price above $5.00 by April expiration.

Maybe not Q3 results, but for sure by the reporting of Q4 results.

I think this one is still "off the radar" for most investors.

I think by Q2 2025 it will be once again paying distributions, and have a price around $10. I can wait.
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