This Day On The Street
Continue to site
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 Partners' Management Present At The Deutsche Bank 19th Annual Leveraged Finance Conference (Transcript)

Let's talk about how these industry dynamics that I have mentioned on the E&P relate to Targa’s platform of businesses. The gathering and processing business as seen, as I mentioned substantial increases in producer activity. Start in the middle there, North Texas. That’s in the Barnett shale, a traditional gas play. We are on the North side near the rich or oilier part, as we call it and we are seeing very high levels of activity that are increasing volumes on our system and starting to use up excess capacity in our processing plant. Moving over to SAOU and the Permian business in the Permian basin, we are seeing the Wolfberry and some of these other plays also producing significant quantities of rich natural gas into our system. The arrows here sort of mean all roads, if you're an NGL barrel, all roads lead to Belvieu. Belvieu is the hub for natural gas liquid and the raw mix, there’s mixed stream of NGL that comes out of gas processing operations, comes by pipeline to Mont Belvieu complex and ultimately provides the feedstock to the petrochem complex, which is also responding to this increase in NGL supply.

Read the rest of this transcript for free on

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs