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Gold/Mining/Energy : NGL to da moon (well, maybe to $10?)!!
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From: Elroy9/30/2024 1:36:09 PM
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Today is the last day to buy the B or C NGL preferred stock and receive the 80 cents dividend.

Both trade ex-div tomorrow.

I bet they drop less than 80 cents. I think as the markets come to believe these preferreds will remain current, they likely trade above $25 par price. Both are about $24 today, and pay 80 cents after the close.

There's not a lot of stuff out there yielding 12.5%. I think NGL's balance sheet improving over the next 1 or 2 reports should push the preferreds up to at least $25.

finance.yahoo.com
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