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Targa Resources Partners LP Message Board

  • moneyonomics moneyonomics May 6, 2013 3:19 PM Flag

    Expect to see refinancing of 7.85% notes in near future would like to see redemption of 11.25 notes but premium

    may be too high based on time value of remaining interest payments

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    • With the FED starting to make noises about downsizing QE3 this seems like a reasonable time to borrow lots of low cost money and sell secondary shares to take advantage of high pricing. My guess is that interest rates will start rising albeit slowly. MLPs will obviously be affected, but perhaps not in a major way. Targa is one MLP I plan to hold on to using dips to add to my position. The near term completion of the Galena Park export terminal and the Badlands acquisition should help keep Targa growing nicely IMO......

      • 1 Reply to ake05bono
      • ake
        who said the fed is going to raise rates.
        maybe the street will raise rates but i dont see the fed doing it.
        as for slowing down those bond purchases fed proably will but very slowly.
        as for me the mlps are more a growth story rather then a very good income play.however still enjoy getting those partially tax deferred quartely checks.
        i added to vnr and ngls this am.
        as for the rest im holding.
        im just not good at trading.
        and yes i dont enjoy watching my gains evaporate at such a fast rate.
        however the individual buyers ,imho,arent the ones selling.
        maybe some etfs or hedge funds. the golden age still upon us.
        good investing
        dreiser139

 
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