Had about a 15 minute conversation with Targa IR this morning.
Distribution coverage currently is 1.55 (Damn Good)
Senior debt matures July1, 2016
Revolving credit line matures Feb 14, 2012
$450 million remaining oin credit line.
If IR wasn't gilding the lilly, this sounds pretty decent to me during these wild times. I added a little after the call.
Any more pertinent info would be appreciated.
glad there are other investors in NGLS so we can discuss
I have a fairly large position that I have been adding too here...the low float doesnt help things
I just wonder how much ML or GS are selling? it seems relentless
NG is the future and we are in a great position to benefit from it
of course NGLS is not any different than any other MLP
they are all down
but guess what when Barry Obama gets in (heaven help us)
folks will want the tax benefits of MLP's
anyone worried about debt here?
Did you watch the debate tonite. Obama looked the old man who came to his grandchild's party. The man is WAY out of touch with the country (and of reality, I think)
I kind of like the guy. But as president, and with SP waiting in the wings, I'd rather have one hundred starving pirhanas making a beeline for my testicles.
The one thing I'm watching is the insider action. They were buying around $22 and I'm a little perplexed why they haven't bought again at this lower price. Has something changed or are they in a foxhole like main street.