Yes, Here we want to show you one of the greatest companies in our portfolio and why we believe in it! A giant that now costs 1/7 of what it really costs!
NGL Energy Partners LP engages in the crude oil and liquids logistics, and water solution businesses. The company’s Crude Oil Logistics segment purchases crude oil from producers and marketers, and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage.
NGL have more than 1000 mile of pipelines and vast and smart grids, yes it was broken, yes it had troubles because of Covid and had a big loan but this is 2 figure billion-dollar company that now you can buy for 300 M$, right now the stock is 2.36$ and the real cost is more than 8$.
Last week they Announced the 2021 Open Season for Grand Mesa Pipeline Starting July 9, 2021, so they will be fully at work and hike very quickly back so right now if you are a real investor here you should knock!
With the situation of Oil production, with the big rise of demand for oil, it may even pass the old values (revenue of 9-10 B$), and now with new water business, it can pass easily in end 2021 begging 2022.
In 2010-2020 the dividend also was very high 40 cents per share and if you buy a share for 2.35 it’s almost 20% back in 3 months, we believe in beginning 2022 we will hear again about this kind of dividents!
Of course, This is only our revive and thoughts you should also check by yourself as we tell always! read, check be sure and only then invest! but we already did with more than 25k stocks! yes, notice covid almost killed them! and now we believe the giant will come back twice strong.