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Targa Resources Corp. (0LD9.L)

LSE - LSE Delayed price. Currency in USD
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69.53+0.11 (+0.16%)
At close: 06:40PM BST
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  • J
    Jim
    This stock used to pay $.91/qtr (last paid in Q1 2020), and it would be nice if the company were to once again achieve that payout.
  • D
    D
    Wow, TRGP holders getting rewarded big time for their capital discipline, story seems to just be improving
  • H
    Howard
    Another 71 points and I’ll be back to where I bought my first shares of TRGP in 2014. As they say—-what a strange strange trip it’s been.
  • G
    Gamer
    Going to 100?
  • J
    Jim
    Since the share price has (easily) passed $75, it's now time to round-up and look for $80.
  • n
    nobody
    to the moon with an electric rocket is worth more than market is given it
  • Y
    Yahoo Finance Insights
    Targa Resources reached a 52 Week high at 80.50
  • J
    Jim
    Ok, let's see if we can close over $80 today.
  • Y
    Yahoo Finance Insights
    Targa Resources is down 4.90% to 71.77
  • Y
    Yahoo Finance Insights
    Targa Resources reached a 52 Week high at 78.99
  • X
    Xain
    Jimmy your Boss around hear make stock go up?
  • Y
    Yahoo Finance Insights
    Targa Resources reached a 52 Week high at 74.06
  • A
    Anthony
    Someone please convince Targa to upgrade its IR slide presentations. See the presentations from Enterprise as one example of what should be done.

    They are building 550 MMcfd of new capacity in the Midland Basin. How about a timeline for the estimated completion of each plant?

    And they are building a new 275MMcfd plant to replace the ancient Sandhills plant. How much net increase in capacity does this represent? And what is the estimated completion date.

    Is their enough available capacity on Ruby to accommodate the expected incremental volumes? If not when do you expect to add pump stations?

    Same question for capacity at Mt Belview?

    And where is the earning call transcript?

    It’s as though management doesn’t want the share price to increase.
  • G
    Gary
    Take a look at ticker ILUS : EVs, Drones and UAVs - uplist in process!
  • 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.
  • J
    Jim
    Would be nice to see the s.p. rise to 2014 levels :-)).
  • J
    Jochen
    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
  • J
    Jim
    Time to set our sights on $85.
  • 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.