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NuStar Energy L.P. Message Board

  • not_totally_gray not_totally_gray Nov 9, 2012 6:32 PM Flag

    what a hated stock

    Is there something I'm missing about this latest acquisition announcement? I thought it seemed like a solid move all the way around, they're even not planning on issuing new units to pay for it, but another big move down.
    Even if they cut distribution to a fully covered $0.75/qtr, still yielding above-market 7.1% at current price. As far as I can tell, their core pipeline/terminal businesses are doing basically fine.
    Anyone have any guess what they might get for the refinery? From what I can figure, they paid about $85 million to buy and renovate it.

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