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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To: Elroy who wrote (89)	6/12/2024 4:57:49 PM
From: Elroy	Read Replies (1) of 100

Here's some tidbits from the NGL conference call insidermonkey.com JPM Q: on Grand Mesa you talked ... increase volumes over the next few months.... how do you think about kind of the exit volumes on Grand Mesa year-end versus kind of year-end ’25 versus year-end ’24? Brad Cooper: Yes, I think with what Don and his team are working on right now ... we probably assume 70,000 barrel a day range today, call it 50% uptick from there. I think north of 100 with the potential to get to 110, 115 per day over the next six to 12 months. ---- My Comment - if this actually comes to pass it sounds like it would be super profitable. I wonder how serious a response that is from Brad Cooper? ----- those volume increases you’re talking about at Grand Mesa are pretty significant. What’s the dynamic — what’s the dynamic that’s driving that type of volumes coming towards you? Brad Cooper: I think we’ve been pretty clear and open that when the basin gets back to about 500,000 barrels a day, that’s where we historically saw tightness within the basin on the pipeline. I think December production was north of 500,000 barrels, 509,000. I think that coupled with just the amount of calls and discussions Don Robinson is having with producers, gives us confidence that we can grow the volumes from where they are today out of this current trough. ----

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