Agree. This is a well run company and provides growth through development of the business and not a dependence upon higher commodity prices (sure, they help). LNG exports are the next big thing and the company is well positioned to take advantage of this and make themselves a target for a takeover.
I would venture a guess that with the purchase/integration of Atlas this will take some additional time. Not only do they have to integrate complex operations and re-start some idle Atlas projects, I am sure the accountants are having more than one discussion on proper financial reporting and dividend calculations. Good luck longs.
I don't know. I have seen no analysis. I loaded up NGLS for its dividend yield and growth potential after the fall-off in oil prices. I thought it was punished too much for its slight exposure to commodity pricing. I had hoped to hold onto it for a year to pay 20% capital gains instead of 33% but will not complain if we get a 100% premium. Good luck longs. Whether it is 100% or 50% we have a big winner here.
ETE tried it once and will go back again. ETE's CEO McReynolds does not like to fail. Now that the stock is in the mid $40s a buy out in the $70s - 80's would be hard to reject and justify to the limited partners. Just my opinion but I loaded up on this one. Good luck longs!
When the stock spiked up on the takeover news, you could have sold your holdings and made the $$$$.
There is now a market rumor in the options market that anticipates an acquisition for ETE. Nothing about NGLS but it would not surprise me. Good luck longs!!!
The CEO of ETE doesn't like to be turned down. He WILL be back .... friendly like or hostile.
I understand your position and it is different than mine. I am in this in the high 30's and low 40's. I have risk limited myself out at just under 4,500 shares. Targa does face some issues in successfully intergrating the physical assets of Atlas as well as potential problems blending managment cultures of the company. If successful (or not) this should be evident in 6-months at which time the stock should move up. I also expect the price of WTI oil to be around $60 stabilzed this summer and look for $70-75 by the end of the year. This will also help the pricing of NGLs which is really to only pricing exposure Targa has to commodities.
If you are looking for a quick buck then you should follow Louis' advice. You want a strong company with predictable cash flows that WILL recover with the oil market over the next 12-24 months and give you a double (maybe a little more if taken over by Energy Transfer Equity) then this is for that type of investing. By the way, LN handed me a great little stock years ago called Medifast. I rode it from the low single digits into the 30's but it was bumpy along the way with an ex-con preacher trying to destroy the company.
NGLS is solid. But they do face some execution risk in re-starting some of Atlas' plants. That is more of a concern to me than the price of oil.
Cheers & Good Luck to all longs.
If you are in this company to make a quick double/triple you are in the wrong place. But even at $60 oil this company will grow (albeit more slowly). Yielding almost an 8% dividend for me at my buy-ins. Now, managment has to turn to proper execution of the Atlas acquisition. They are restarting some shut-in facilities and this takes proper execution and operational excellence. The parent company is easily able to still access the equity markets to the tune of ~$300 million which strenghtens the parent as well as Targa with the push-down of ~$50 million in equity.
Quality mid-streams are the place to be. And Targa is one of them. And dont forget Enterprise WILL be back around at some point to attempt another take over.
This is a double in 12-18 months. Probably pretty flat for a couple of months before the growth becomes evident.
For the long term investor this will be a double in 12-18 months. They are simply a toll-taker on moving oil/gas around and storing it. No matter what the commodity pricing is, the oil/gas will still need to be moved. Their exposure to NGLs pricing is small. Re-contracting risk is minimal in the near/medium term. Once Atlas is executed, growth will return later this year. Plus, I believe oil will be at $60 by mid summer and $70-75 at the end of the year where it will probably stay longer term.
And ....... the CEO of Enterprise is not the type who likes to be told no. Enterprise will be back in a take-over attempt within a year.
Targa is a gift at these prices. But it your outlook is trading, much of the volatility has faded away.
Good luck longs!
37% improvement in 24 month. this is a top line result. peer review will come later. if you stick around I will add The Fonz to my Ignore list. one thing I am sure of, this stock is being manipulated by the MMs.
not if you read ....... the primary endpoint was the annualized relapse rate. It surpassed the agreed upon endpoint. Troll.
How many low-life toilet #$%$ show up wishing a company ill-will that has the potential to help so many people. My guess is that they would also bash a company that could cure diabetes or heart disease. Maybe this years Tetra Moons does mean something after all. Man, I have a neighbor like this and no one in the area can stand them.
Good luck longs and those with MS too!
If "perfect" news this will give you a nosebleed on the way to $5-8, maybe a bit higher.