MLP Profits recommends selling half of your stake in Targa Resources (NYSE: TRGP) and Targa Resources Partners (NYSE: NGLS) following big gains on the news that Targa held abortive buyout talks with Energy Transfer Equity (NYSE: ETE). With discussions on pause, apparently because of a disagreement over the buyout price, there is significant downside risk should the deal fail to materialize. We’re also recommending the sale of half your position in EQT Midstream (NYSE: EQM) now that the return of more than 100 percent in less than a year has significantly limited future potential rewards. More details on both calls are to come in the Portfolio Update section of the June 24 MLP Investing Insider.