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Targa Resources Corp. (0LD9.L)

LSE - LSE Delayed price. Currency in USD
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59.94-0.44 (-0.72%)
As of 02:40PM BST. Market open.

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  • J
    What a rough day on the market for TRGP and everyone else!
  • n
    So TRGP has a $93 price target and high % growth and it goes down over $5 today so the crooks are at work to steal your shares
  • J
    My original buy into natural gas started with a company called Atlas gas All because Jim Cramer said his Parents had it for many years and did very well. Once trga purchased the company nothing good comes out of his mouth. He can't even say the name. When trga was $5 dollars don't buy it when it hit $9 he said the identical. I can’t wait to see what is said when we hit $100
  • B
    Targa seems to be in go mode.
  • n
    buy it now $100 is just the start

    RBC Raises Price Target on Targa Resources to $100 From $90, Maintains Outperform Rating
  • n
    Targa is a secret and it will be a giant such a dead message board
  • n
    TRGP should be $100 right now the next earnings report will be a blow out and may jump $20 right after it
  • G
    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.
  • J
    For the fourth quarter of 2021, Targa intends to recommend to its board of directors an increase to its common dividend to $0.35 per common share or $1.40 per common share annualized. The initial recommended common dividend per share increase is expected to be effective for the fourth quarter of 2021 and payable in February 2022
  • G
    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
    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
    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.
  • A
    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.
  • A
    Arrien & Mary
    When will targa restore the dividend to Pre Covid levels?
  • B
    We got a pop because:

    Thu, June 3, 2021, 2:53 PM
    NEW YORK, June 3, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 effective prior to the opening of trading on Wednesday, June 9:

    Targa Resources Corp. (NYSE:TRGP) will replace CoreLogic Inc. (NYSE:CLGX). Stone Point Capital and Insight Partners are acquiring CoreLogic in a deal expected to be completed soon pending final closing conditions.
  • H
    Bought the first shares in 2014. Have invested all dividends and have added shares. Another 22 points and I’ll be whole. What a strange trip it’s been. Not my best investment I would say. But at least it’s recovering. If it had been in a taxable account I probably would have taken my loss years ago.