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

To: Elroy who wrote (29)	12/21/2023 9:23:05 PM
From: Area51	Respond to of 109

I'd say/guess EV of 6x EBITDA if they are not investment grade (they're not IG right?) but are able to meet or roll over all their debt obligations. That gives EV = 3.9 and current EV = 3.6B,current Market cap = 740 million. So if that data is right maybe could appreciate 50% roughly from here. I like this guy on seekingalpha though: I think NGL is still a winner here, although not sure I want to add here. Timothy Stabosz @VMR Research Agree. Incredibly exciting. Plus the documented rise in volumes of oil output domestically should bode well for their business overall (especially water). This looks like “break out” time. This company’s incredible turnaround is just beginning to be discovered. But it is a large enough outfit, such that the move above $5, as well as the involvement of high profile outfits like Goldman Sachs, Morgan Stanley, and JP Morgan, whose most recent 13F reports all show substantive buying, tell me that this stock still has explosive potential….especially as the leverage ratio keeps ratcheting lower, into “non-distressed” territory. I’m convinced this is going to be a massive winner for me in 2024….just like it was in 2023. $8-10 in 12 months. Dec. 15, 2023 12:56 PM View