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Targa Resources Corp. (0LD9.L)

LSE - LSE Delayed price. Currency in USD
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55.94+0.46 (+0.83%)
At close: 7:10PM BST
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  • A
    Anthony
    After they close on Stonepeak, they will reinstate the dividend at a lower level (with a promise to increase rapidly in 23 and 24. Share price will ramp up.
  • Y
    Yahoo Finance Insights
    Targa Resources reached a 52 Week high at 56.12
  • K
    Keith
    Want to get Stonepeak bought out first and then get investment grade from rating agencies first. Then increase dividend along with paying down more debt.
  • e
    ejohannsen918
    stock go up. why Xain no post?
  • X
    Xain
    why stock go up to be there as soon as possible thanks again for your time
  • s
    skibum632
    Xain you really should go back to school so as to gain a rudimentary comprehension of numbers and graphs
  • X
    Xain
    stock not move much any body now. why
  • Y
    Yahoo Finance Insights
    Targa Resources reached a 52 Week high at 57.02
  • J
    Jim
    Why Xain continuously asking “why”?
  • A
    Anthony
    Number of oil rigs running increases again. If oil holds in the high sixties this is a $70 stock. If Brent hits $80 (as Goldman predicts) this is a $90 stock.
  • X
    Xain
    why stock go up?
  • X
    Xain
    why divident so small?
  • X
    Xain
    why stock go up?
  • F
    Frank
    Thanks for the run up in share price, will give them one more quarter to increase the dividend or I'm out. Six quarters at .10 down from .90.
  • A
    Anthony
    Announced another Permian plant to come on line in 22. That’s in addition to the Heim plant that comes on line later this year. The liquids will flow through Ruby and then into existing Targa frac capacity. Cha-Ching! This also improves the economics of the Stonepeak buyout, which were already stellar.
  • R
    R
    Targa has plowed hundreds of millions in capital improvements the past several years but has little to show for it income wise. Just lackluster earnings,and management is just trying to pay down debt and keep over paying poor performing management. Targa and management have little respect for shareholders.
  • G
    Gamer
    TRGP management did a plan outlining the profitability even if 20% (!!) of oil drillers who supply us with natural gas shut down. That's the $1.4 Billion EBITA on the low end of the 1.4 to 1.6 Billion.
    However, based on spot crude around $40, not only will the drillers not shut down, but if this price holds a bit longer, I'm sure new wells will be added in the Permian as they are making money hand over fist right now. We charge them by the volume for the NG flow. Also, as I predicted, propane exports rose (almost 30% in dollar terms). Here we charge by the commodity, as we outright buy the NG and sell the NGLs that we own. And I'm confident exports of NGLs will go through the roof. Currently propane is a big export, but in the future, butane and methane, will be exported to European and Asian customers who are paying SEVERAL TIMES Mont Belvieu prices, which is what we're getting now.
  • G
    Gamer
    Two great reports from TRGP:

    1.TRGP bought $300 Million face value of their own bonds back at 20% discount, thus making an instant $60 Million profit, plus annual interest savings of $12 Million in perpetuity.

    2. Leverage ratio is now reduced to a very respectable 4.1

    Nice !!
  • j
    j
    TRGP has much valuable assets in many parts of the country. Other companies may be interested in their infrastructures which cost a lot to build new ones for other companies. TRGP has many other projects coming to fruition. The stock price is quite undervalued in my humble opinion. i am not surprised that Raymond James upgraded TRGP to strong buy at target price of 48 today and the stock price is going up.
  • b
    bruce
    Good to see that TRGP has been buying its debt back at discounts of 20-25%. While we all like getting dividend payments, we are really better off as shareholders with the discounted debt purchases, particularly given that a significant portion of the dividend is now taxable. So in effect, instead of ending up with $0.70 or $0.75, depending on tax rates, for each dollar of dividend, we have an additional $1.25 (20% debt discount) or $1.33 (25% debt discount) of equity in the business.