Negative Cash FlowConsistently negative cash flow from operations indicates that Targa Exploration Corp. is not generating sufficient cash from its core activities. This reliance on external financing for cash needs poses a risk to long-term financial sustainability and operational viability.
No Revenue GenerationThe lack of revenue generation is a major concern for Targa Exploration Corp., as it reflects challenges in monetizing its exploration activities. Without revenue, the company faces difficulties in achieving profitability and sustaining operations without external funding.
Negative EquityNegative stockholders' equity indicates that Targa Exploration Corp. has more liabilities than assets, which is a sign of financial distress. This situation can limit the company's ability to raise capital and invest in exploration, impacting its growth prospects.