Mon, Jul 28, 2014, 12:23 AM EDT - U.S. Markets open in 9 hrs 7 mins

Recent

% | $
Click the to save as a favorite.

NuStar Energy L.P. Message Board

  • moneyonomics moneyonomics Mar 4, 2013 9:17 PM Flag

    NS indicated not material to operations, was "a purported termination", appears to be over take or pay terms being negotiated-part 4

    corrected word withdrawal to word termination, sorry for misquote

    continuation of conference call transcript

    "..Danny Oliver - SVP, Marketing & Business Development

    Yeah, we are completing final negotiations on many of those agreements. It entails both the supply of the Y-grade also the off take of the purity grades and then of course we have to finish constructing the fractionators, the two fractionators exist are being refurbished and reconstructed.

    And Bryan I know you probably know this but just for the benefit of everybody on the call, we are getting into this NGL transportation and fractionation solely on a fee basis. These are deals backed by long term contracts. We never take ownership of the commodity. There's no price risk. We are not exposing ourselves to any margin risk and so I'm sure you know that but I just wanted to reiterate that when I had an opportunity to do so...."

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
NS
65.35+1.15(+1.79%)Jul 25 4:04 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.