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NuStar Energy L.P. Message Board

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  • rrb1981 rrb1981 Jun 3, 2008 6:29 PM Flag

    There are massive problems here.

    Acquisition was 450 million plus working capital which was 100 million, not 300 million. So, factor in 450 acquisition cost, 100 million in working capital, 60 million in hedging losses, and then tack on say another 40 million because oil has risen, causing working capital requirements to increase and you still have a 6.5x ebitda multiple.

    This is a good buying opportunity. Greehey is no fool, despite what Kerfinator says. It is times like these when sage investors step in and buy when goof balls like kerfinator are panicking.

 
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