TRGP - Targa Resources: Starting To Make Sense For New Money
- Targa Resources is a midsized midstream company that operates primarily in the Permian and Williston Basins.
- The company cut its dividend in 2020 in order to reduce its debt, which has greatly improved its balance sheet.
- The company appears very well positioned to deliver near-term growth in 2022 due to a recent acquisition.
- The long-term fundamentals for natural gas are quite positive, which could prove to be a benefit for the firm.
- The dividend yield is relatively low for a midstream company but it is very sustainable.
For further details see:
Targa Resources: Starting To Make Sense For New Money