This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Targa Resources' President Participates In Panel Discussion At RBC Capital Markets MLP Conference - Conference Call Transcript

Complementary to that, we’re building a six fractionator at Mount Bellevue, another 80,000 barrel a day fractionators. We originally had on the timeline that that would probably be first quarter 2013. Our guys have built so many of these 75 to 80,000 barrel a day fractionators that they’re able to come in and bring them in on our under budget, and really the last one we brought in about five months ahead of schedule. We think probably that fractionator comes on late 2012 instead of 2013.

In total, we currently have about $4.5 billion worth of projects under construction. Not mentioned here is the proposed pipeline that we have coming out of the Marcellus, an ethane pipeline. That’d be about a 1,200 mile pipeline - 600 miles of it would be new build, 600 miles of it would be reversing an existing pipeline. We put out a press release here a few weeks ago on Chesapeake came in and took a big chunk of capacity – 75,000 barrels a day – that it would be ramping up over five years. We just completed an open season. We’re finishing the evaluations on that, and I would think we’d have an announcement on that ethane pipeline here in the next week or two.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,745.98 -5.41 -0.03%
S&P 500 2,108.63 +0.06 0.00%
NASDAQ 5,128.7850 +17.0520 0.33%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs