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NuStar Energy L.P. Message Board

  • lizahuang54321 lizahuang54321 Mar 4, 2013 11:34 AM Flag

    hidden in the 10-K

    "On February 18, 2013, we received a letter from TexStar that purports to terminate the rights of the parties to proceed to a closing on our acquisition of the natural gas liquids pipeline and fractionation assets. We do not believe TexStar has the legal right to terminate the asset purchase agreement, and we notified them of our position on February 21, 2013. We are evaluating all of our legal options. While the natural gas liquids pipeline and fractionation assets present opportunities for NuStar, if we do not complete the acquisition, we do not expect that to have a material adverse impact on our results of operations. "

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