Amazed at the run up the last few weeks. I'm thinking of unloading here. I bought a decent quanity last spring with an average of 10 a share. What are your thoughts on the future for NGLS? My exit was supposed to be 23.00, but it blew through that pretty quick and it looks like 24 won't last long either. Only reason I'm holding on is the majority of the shares are making 20%/yr in distributions. I'm mixed on holding or selling. Any thoughts out there? What is your stategy with NGLS?
rather old post - but - I am 72 yrs. been playing with the market - started with 3K 1 yr ago - penny stuff - did catch Ford at 1.56 - sold at 3 + thought I had gone to heaven - but - now setting on 22K - as of yesterday - diceded to go for Div. - Yield - bought T and NGLS - so gonna HOLD - !!! my current calculated return will be 7.2 % ROI - bests the current MM or CD markets.
A solid company with alot of upside and little downside. I'm in your shoes(bought targa around $11) and with a 19 percent divident I dont even need the stock price to rise, even though Targas future is bright. How many investors would kill for that position in Targa? You'd be crazy to sell it with that dividend alone..
When the natural gas industry is willing to outbid the amount paid in bribes to the whores in congress they will suddenly get an epiphany and ordain NG until king coal ups their bribes to the whores and the beat goes on.