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June 19, 2014
19:59 EDTETP, TRGP, NGLS, ETEWells Fargo 'highly skeptical' of Targa Resources takeover
Wells Fargo said it is "highly skeptical" that Energy Transfer (ETE) will ultimately acquire Targa Resources (TRGP) and Targa Resources Partners (NGLS) after Bloomberg reported that the sides were near am agreement. Wells says that while there are strategic benefits to such a merger, the math of such a transaction doesn't work. It notes the transaction would likely be "highly dilutive" to the Energy Transfer family.
News For TRGP;ETE;NGLS;ETP From The Last 14 Days
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April 26, 2015
12:28 EDTETPRegency Energy Partners to host special shareholder meeting
Special Shareholder meeting to vote on the proposed merger with Energy Transfer Partners will be held in Dallas, Texas on April 28 at 12 pm.
April 22, 2015
09:33 EDTTRGPTarga Resources downgraded to Equalweight from Overweight at Capital One
April 21, 2015
18:38 EDTNGLSTarga Resources Partners raises quarterly dividend to 82c per share
Targa Resources Partners announced that the board of its general partner has declared a quarterly cash distribution of 82c per common unit, or $3.28 on an annualized basis, for Q1. The approved distribution represents increases of approximately 1.2% over the previous quarter's distribution. This cash distribution will be paid May 15, on all outstanding common units to holders of record as of the close of business on May 4.
18:37 EDTTRGPTarga Resources raises quarterly dividend to 83c per share
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18:32 EDTTRGPTarga Resources expects FY15 effective cash tax rate of 5%-10%
TRC expects FY15 dividend growth of 25%+ over 2014, resulting in about 1.0 times dividend coverage. Sees FY15 effective cash tax rate of 5%-10% and in the near term beyond 2015, an annual effective cash tax rate less than 15%.
18:31 EDTNGLSTarga Resources Partners sees FY15 gross growth CapEx $700M-$900M
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18:29 EDTNGLSTarga Resources expects flat to low single digit volume growth for FY15
Given the commodity price environment and current expectations for producer activity, TRP expects flat to low single digit 2015 average volume growth for our field gathering and processing operations compared to Q4 of FY14 volumes. Additionally, if commodity prices do not improve from current levels over the course of 2015, average 2016 TRP field volumes may be lower than average 2015 volumes. In the Logistics and Marketing division, TRP expects that 2015 operating margin may be modestly lower than 2014 operating margin. We expect 2015 distribution growth for TRP of 4%-7% over 2014 and approximately 1.0 times distribution coverage.
April 17, 2015
16:24 EDTNGLSTarga Resources Partners files $1B mixed securities shelf
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April 14, 2015
16:43 EDTETPSunoco acquires eight Pico convenience stores in Texas
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April 13, 2015
07:13 EDTNGLSWells Fargo to hold a conference
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