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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From: Elroy	3/3/2025 8:12:44 AM
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NGL preferreds (series B and C) go ex-div at the end of March. At the end of Dec, both paid about 75 cent and then within a few days regained the 75 share price drop. Buying Dec 27th and selling Jan 10th would have been a brilliant way to scoop up a quick 75 cent dividend. This time I'm intersted to see how the shares respond to paying 75 cents. I also wonder if NGL preferreds (which have been trading around $23.90) will move above $25 in 2025. They both pay about $3.00 per year, and NGL said it expects to exit Q1 2025 with zero borrowed on it's revolving line of credit. If they do that, it makes (I think) bankruptcy risk very very low, so I would wonder why "sorta safe" preferreds paying about 12% would trade below par?

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