Seeking Alpha

Barron's: NGL Energy offers growth, yield via a range of steady businesses

  • NGL Energy Partners (NGL +0.9%) is higher after a favorable Barron's profile describes NGL as "different than the traditional MLP pipeline player."
  • Some of NGL's assets "might not have the same cachet" as other midstream operations, but NGL has "built a really nice platform to deliver sustainable growth of distributions of 15% or more for the next several years," according to Swank Capital analyst David Askew.
  • Investors may not have fully priced in NGL's recent acquisition of a stake in TransMontaigne, which Salient Capital's Greg Reid considers a "brilliant" deal that brought desirable, fee-based revenue at a distressed-sale price.
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