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A Tennessee congressman trounced the S&P 500's returns in 2023 thanks largely to investments in energy stocks. One of those stocks is a midstream energy leader with an especially high distribution yield.
Two congressmen raked in triple-digit returns by investing in the same AI stock. A crypto stock and a midstream energy stock helped two other congressmen score huge gains.
NGL Energy Partners LP has paid off all arrearages on its preferred stock, increasing investor confidence. The company plans to redeem its privately held series D preferred stock before committing capital elsewhere. The common equity of NGL is now very attractive, with the potential for significant growth in the next year.
TULSA, Okla.--(BUSINESS WIRE)--NGL Announces Payment of All Outstanding Distribution Arrearages for Class B, Class C and Class D Preferred Units as of April 25, 2024.
TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces Cash Distribution of 55.4% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units.
Within the stock market's enormous panorama of giants, small-cap stocks sometimes remain hidden and go unnoticed by many investors. But hidden away in this darkness is a treasure mine of unrealized potential, especially in the dynamic energy industry.
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