Very attractive play right now. I've been checking block orders, and this thing is confirming a bottom (at least I'm very confident of it).
If anyone is looking to buy NGL, or average down on it, here is a good chance. The price is very close to where you should put your stop order. You can be confident you're only risking 3% of your capital for a large potential upside. My stop's in at $5.40, a hair below the weekly low. However, I may revise that to putting it in just below that October low of ~$5.27. That low tick on the weekly chart back then is a really great sign that (in October) things looked to be fair value in that $5.25-$5.50 range. The large volume last week was due to block trading in the same area. If this area fails for me, I'd consider entering again at $5.00.
You've got analysts pegging this thing at a low target of $10.00. Tremendous upside potential. Institutional holdings look alright (could improve a little). Short interest is low: (1.5 days to cover), so this week could see a rally, just on short covering.
When you start seeing guys like TLM (disclosure: I hold it) looking like they're making bottoms, there's a good chance your NGLs are as well. I see value in NGL here for sure.
BOL, NGL'ers
~BT