August 20, 2018
NOTE: Atlas is owned by Targa.
We are buying a Corporate Bond from Atlas Pipeline, owned by Targa.
The bond is ‘on sale’ and pays 5.3% if held to maturity in November 2021. Go to the link below for the full article.
Targa Resources (TRGP) reported its second-quarter earnings on August 9. The company’s adjusted EBITDA for the quarter was $326 million—26% higher than the second quarter of 2017. Targa Resources’ distributable cash flow rose to $225.1 million from $196 million in the second quarter of 2017.
Targa Resources’ Gathering and Processing segment’s operating income rose 40% YoY (year-over-year). The growth was driven by higher Permian Basin, Central, and Badlands volumes. The above graph shows the growth in field gathering and processing gas inlet volumes and NGL (natural gas liquids) production. The graph also shows the growth in crude oil gathering volumes.
The Logistics and Marketing segment’s operating income grew 16% YoY. The higher fractionation margin and higher LPG (liquefied petroleum gas) export margin contributed to the earnings growth.
“With continued strong business fundamentals and clear visibility to new project contributions, our Gathering and Processing and Downstream businesses are expected to continue to perform well,” said Joe Bob Perkins, Targa Resources’ CEO.
The fake news is really, really trying to convince American voters that the liberals will take over in the November election. Don’t believe it. (Yes there were polls that predicted Trump winning, but you never heard about them……we did follow the LA Times Poll which is mentioned below.)
CBS Pollster Doesn’t See A Blue Wave
The head pollster for CBS News, Anthony Salvanto, doesn’t think we’ll see a Blue Wave this November — and certainly not one close to the Red Wave of 2010.
Salvanto learned from the failure of polls to predict the 2016 election. He saw that the two polls that ended up being right — the LA Times/USC and IBD/TIPP — were tracking polls, so he designed one himself to use in 2018. Tracking polls differ from regular “horse race” polls in that they poll the same sample of people over and over to see if and how their views have changed over the campaign.
Salvano’s team is polling 5,700 voters in the 50 or 60 districts that could flip the House of Representatives and Senate into Democrat hands. So far, he doesn’t see much flipping.
“Salvanto’s polling currently indicates that few House seats will change hands in November — and that the GOP could very well hold its majority in the House,” the New York Post said in an article interviewing Salvanto.
Link to another article on FBI and DOJ corruption.