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Gold/Mining/Energy : NGL to da moon (well, maybe to $10?)!! -- Ignore unavailable to you. Want to Upgrade?


To: Area51 who wrote (27)12/15/2023 3:38:20 PM
From: Elroy  Read Replies (1) | Respond to of 109
 
NGL is a balance sheet repair story at the moment. They were going bankrupt about a year ago (price was about $1.00). Now the market has determined they are not going bankrupt, and are in fact probably soon going to refinance their long term debt, bring their preferreds out of arrears, and some day even pay a distribution again.

The price of natural gas isn't a big factor for the unit price.

NGL has three businesses, the exciting one is piping water around the oil exploration industry.