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Targa Resources Corp TRGP

Targa Resources Corp. is a provider of midstream services in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and delivers energy across the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas (LPG) exporters; and gathering, storing, terminaling, and purchasing and selling crude oil. Its segments are Gathering and Processing, and Logistics and Transportation. Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells. Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products.


NYSE:TRGP - Post by User

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Post by denisonodon Aug 01, 2013 3:23pm
371 Views
Post# 21644668

TRGP

TRGPTarga Resources Corp. is an excellent way to play its partnership firm (NGLS).  Granted the current 3% dividend is taxable (in taxable account); however, the growth in dividend is currently running 3-4 times that of the MLP.  Dividend and stock growth has been in the 30-35% dor the past two years. For more info, listen to the Q1 and Q2 CCs.  The Q2 CC replay and updated presentation should be posted on their web site later today or tomorrow.  TRGP is an ideal stock to pair with gold and silver streamers....excellent intermediate return with lower volitility.  Oh, TRGP took out its all-time high of 69.95 (hitting 69.97) today.  I rate TRGP a buy under 69.50 and a strong buy under 67.50.  Next dividend announcement will be in mid-October.  It has already gone x-dividend for this quarter so one idea is to set a limit GTC order or watch for a minor share price drop.
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