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	12/30/2024 7:38:16 PM
	Read Replies (1) of 126

I gave up on NGL and sold my common units. I still got some of the preferred stock, and may hang onto that as long as they're not going bust. I don't see how NGL gets out of their debt and preferred stock position (now combined it's about $4 billion) and eventually pays distributions. Recent results (past three quarters) have been way less than stellar, and I think it would take super duper results to pay down obligations enough that it makes sense to pay a common distribution). I don't know what the future is for NGL. Maybe I'm not understanding something.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next