Aug. 17 at 2:21 PM
$NGL **NGL Energy Partners is on its way to testing
$25.** The company’s transition toward becoming a pure-play water infrastructure business provides a compelling path for continued value creation. NGL is benefiting from improving cash flow, debt reduction, and a more disciplined capital strategy, while its water assets provide exposure to growing demand for oilfield water infrastructure. With analyst price targets and fair-value estimates generally clustering just below
$25, the evidence supports a bullish outlook. **If NGL continues executing on its transition, the market should increasingly recognize the value of its water business, making
$25 a realistic near-term target.**
