Hey they still get their stock options for next to nothing that they can sell at market price no matter how lowcheck out the reported insider sales recently. Need to tie compensation to stock performance and see what happens.
Overleveraged at EXACTLY the wrong time. And we pay these #$%$ for this? It's easy to #$%$ away shareholders' money; why be prudent with someone else's investment?
Jefferies downgraded Targa Resources (NYSE: TRGP) from Hold to Underperform with a price target of $59.00. Analyst Christopher Sighinolf commented, "While we expect commodity prices to modestly recover, we do not project NGLS to cover its current payout in 2016 & expect TRGP to halt dividend growth as a result. NGLS units appear to already reflect this reality, but we see downside for TRGP shares; we cut our TRGP PT to $59 & downgrade to Underperform."
if you didnt sell some when it went up so much, shame on you, but maybe heres another chance to buy low and sell high. with a biggggg divy to let you wait. remember the bears are in control right know, and all you will here and read will be repeated over and over till the short pukes cover their holdings. we use more oil in the world than at any other point in time and that will continue to climb over time. believe me i want to quit just as bad as you sometimes but as soon as i do oil will go up 10 dollars. dont try to figure out the insanity of the market it will just meke you insane. this too shall pass.
My apologies. Maybe it was your sentence that said " you just bought when management was selling instead of buying" that threw me. Hope it makes you a ton of money!
They didn't manipulate the price down - PANIC did. It isn't their fault that the Fed wants to blow and pop one bubble after another.
But they recognized how cheap their own stock was and foresaw how big the fracking revolution would become.
So you are saying management purposely manipulated their stock price to low levels then bought it back cheap screwing everyone who believed the BS on the way down. Sorry but I will pass on management like that!
Excellent management you mean. Back in 2008 they were buying bucket loads of their own stock under $8. So I jumped in with them and rode the stock to $60. You just bought when management was selling instead of buying. Who's fault is that?
Wow, sure dont need any transaction like cmlp and ceqp. That has been a disaster.
Street is saying SE may win bid for WMB. That might be very good for ngls as ETE may want to do something again and launch another bid here. No way clueless mangement could say no this time. Watch SE/WMB/ETE.
I never saw an official press release that ETE had made an offer. Just a rumored 3rd party release. I would think that a buyout offer, being a material event, it would have to be announced to shareholders and brought to the BOD.
But if ETE liked NGLS at $80 I would think they would love it at $32?