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Energy Stock Targa Is Spiking; Its Big Exxon Deal Smells Like AI

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If Targa wanted to lure in hyperscaler customers, it just secured some tremendous bait. The energy stock is rising on news of a 20-year deal with Exxon for three new natural gas processing plants and related services in the Permian Basin. Targa Resources (TRGP) spiked more than 7%, jumping above a flat base buy point at 280 and an alternate…

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