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

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From: Elroy1/2/2024 11:19:36 AM
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NGL preferreds continue to move higher. The NGL-B is $28.20, and the NGL-C is $27.20.

These preferreds were $11 a year ago.

Both of these preferred stocks are in arrears (for about three years), and accumulating obligations as time passes.

Someone thinks they're going to get paid this year.

NGL itself has moved from $4 to $5.50 in the last month.

It feels like good news has leaked, but who knows?

In 2023 NGL positively pre-annoucend business trends after market close on the first trading day of the year. Hopefully they give some business update (which explains the preferred and common unit recent price increases) this week, if not after the close today.

We can hope!
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