Atlanta, GA – Scibility Media – 10/15/2014
This article discusses two natural gas stocks: Targa Resources Partners LP(NYSE:NGLS) and Western Gas Partners, LP(NYSE:WES)
On Oct. 13th, Targa Resources Partners LP(NYSE:NGLS) announced that it would be acquiring Atlas Pipeline Partners, L.P. in a transaction that is valued at $7.7 billion. The deal, however, will exclude all non-midstream assets. As a result, Targa will not be acquiring Atlas Resource Partners, L.P., an 80% general partner interest in ATLS’ E&P Development Subsidiary, and a natural gas net production of 11.5 million cubic feet per day in the Arkoma Baisn.
The company also currently has a bid price of $44.21 x 1,000 and an offer price of $69.84 x 100. These disparate prices, combined with the company’s spiking trading volume, suggest that the company’s value may soon fluctuate.
On Sept. 23rd, Mizuho began its coverage of Western Gas Partners, LP(NYSE:WES), assign the stock a “Buy” rating. Since that time, the stock has seen its value fall substantially. It is now just $0.57 above its three month closing price low. You may want to consider this stock as a “Buy Low” candidate.
Like Targa Resources Partners, the company is also currently facing both a high trading volume and disparate bid and offer prices. Western Gas Partners had a trading volume of 793,731 yesterday, a figure which is 624,880 higher than its three month average volume of 168,851. Additionally, the company also has a bid price of $49.78 x 1,000 and an offer price of $69.93 x 100. As with Targa Resources, these figures suggest that the company’s value may soon fluctuate.
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