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Stock Market & Financial Investment News

News Breaks
January 8, 2013
16:31 EDTNGLSTarga Resources Partners acquires additional property on Houston Ship Channel
Targa Resources Partners announced that it has acquired additional property on the Houston Ship Channel that provides expansion potential for both its Petroleum Logistics clean fuels business and its propane/butane export capabilities. Targa Patriot, which is located about two miles from the Partnership's Galena Park Marine Terminal, includes an existing dock, acreage for expansion build-out, an existing rail siding, and nearby access to the Colonial/Explorer refined products pipeline interconnect hub. The initial investment including acquisition of the property and dock upgrade and refurbishment is approximately $25M. Further plans for clean fuels and/or propane/butane export activity are being developed and could significantly increase growth capital expenditures over time.
News For NGLS From The Last 14 Days
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March 23, 2015
10:00 EDTNGLSOn The Fly: Analyst Upgrade Summary
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06:43 EDTNGLSTarga Resources Partners upgraded to Buy from Hold at Jefferies
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March 18, 2015
08:04 EDTNGLSTarga Resources Partners resumed with a Market Perform at Wells Fargo
Price target range $41-$45.
March 16, 2015
08:01 EDTNGLSTarga Resources added to Top Picks List at UBS
UBS added Targa Resources (TRGP) to its Top Picks List as they believe the combined models of it and Targa Resources Partners (NGLS) will provide new growth opportunities, but also increased commodity exposures. As a result, UBS maintains its Buy rating but lowers its price target to $118 from $127 on Targa Resources shares.

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