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NuStar Energy L.P. Message Board

  • digimarket2005 digimarket2005 Jun 19, 2008 6:27 PM Flag


    1. NS flirted with the low $47 handles for the fourth time in June. It has bounced up each time.

    2. Volume during the last 1.25 hours of today reached approx. 125,000 shares. This is what helped the stock move from $47.68 to $48.09 in spite of persisting weakness in the rest of the pipeline plays.

    3. In spite of awful market conditions, evidence of oil demand destruction, and steep increase in treasury yields during the last two weeks, NS has refused to drop below $47.

    While my average cost per unit is $49, and I see no scope for further averaging down unless we hit $45, this may be an excellent entry point for those that believe that:

    - Demand destruction will be minimal and won't affect NS volumes much (more than 10%).
    - Treasury yields are not going to 5% anytime soon.

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    • 6/20

      More facts:

      25k units bought between 11:40-11:41am, causing the price to move up by 1.25%

      This is why I said earlier on in a post that liquidation of 400,000 units (short interest) could easily make up for a 4-5% move up.

      Yesterday and today, some big buyers have stepped up.

      The rest of the pipelines are languishing...

    • Rest easy...the stock will be $60 in 2 years...and add to that all the amazing return.

      It is going lower in the near term, however. I'm waiting patiently to add.

29.08+0.34(+1.18%)12:34 PMEST