Nathan Judge, Analyst covering the MLP sector at Janney Montgomery Scott, says NGL Energy Partners LP (NGL) is one of the stocks he is positive about right now. He says the company has a bit more commodity exposure than other MLPs.
“Only 45% of its cash flows are actually contracted or fee-based, but that’s growing to about 65%, maybe even 70%, by 2017,” Judge says.
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In a recovering or stabilizing commodity price environment, Judge says the outlook for NGL Energy Partners could improve. He says expectations have already come down quite a bit, and he believes the downside has been priced in.
“So if there’s any partial recovery in commodity prices or even stabilization, the upside could be quite attractive for NGL,” he says.
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