Oil Tanker TRGP is breaking out of a triangle. Daily Green 4 trading above a Daily Green 3!! TARGET #1 $16.00 or 78%.
TRGP owns and operates one of the BEST TROPHY ASSETS in the world today. It has gotten crushed over the last 6 months due to the crash in oil prices. But, TRGP owns TROPHY ASSETS all around the world. Last quarter those assets were valued at over $20,000,000,000and right now you can buy TRGP at a MARKET CAP of $2,300,000,000 or a 90% discount to its assets. Now I know that these assets are worth less now with the crash in oil, but the problem is STORAGE, and TRGP is an Oil tanking and storage facility.
The company has recently cut its dividend to sure up its balance sheet. Even after the dividend cut it still pays a 4% dividend.
The best time to buy an assets is when it is cheap, hated , and in an uptrend! IMO I think we checked all 3 boxes with TRGP.
COMPANY WEBSITE LINK
http://www.targaresources.com/
DYOR
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