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Targa Resources Partners LP Message Board

  • a4522caos a4522caos Jul 27, 2008 3:42 PM Flag

    what am I missing

    I hold a number of pipeline mlp's of which this has been one of the worst performers---being fair my entry timing was poor, but, reviewing the estimated growth and dcf growth these guys look very well positioned to me. There are a number of large investment houses that hold a lot of units here and maybe that overhang is holding the price down. My gosh this last dist.hike was huge and went nowhere. What am I missing folks?

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    • People are nervous about smaller cap dropdown MLPs tied to private GP owners.
      Not suggesting they are right or wrong, just telling you what the perception is.

    • I have asked myself the same questions. This company is going to do great. When they were around $30...a hedge fund went under(which was the biggest holder of NGLS) and the stock got pummeled and went to the low $20's. I bout around $23. Then it started moving up, because people knew it was undervalued. This latest drop is all just the market. Not too many people follow this stock...its not a volatile, high flyer. I think we have reached a point where it cant drop anymore...and we just need one more big player to jump in a buy. They are poitioned perfectly, and will benefit and the price will go up...we just have to be patient. If natural gas jumps this winter, we should see a quicker rise. My calculations show its easily a $30 stock. If somebody get behind it, we might see that by the end of the year. The dividend will help if the price stays stagnant.
      My two cents.

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