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NuStar Energy L.P. Message Board

  • nigerblack nigerblack Mar 5, 2013 5:51 PM Flag

    Hey management! Fix the dividend rumor!

    Would someone in management please let us know if the dividend rumors have any validity? I love this stock and it has so much potential. This company has some of the best management leaders and we need to keep the dividend intact.

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    • It's not rumors, it's some analysts suggesting that with the cancellation of the deal, they won't be able to cover the distribution until 2016. The company has already responded (see under headlines).

      Certainly NS could have put the news of the cancellation out there earlier. But as of now, they have already made their statement, so not sure what else you want them to do to 'fix the rumor'. They are not going to respond to rumors on yahoo discussion boards.

    • I don't think that is allowable until they post it through official (SEC-approved) channels.

      Something like this would have an immediate effect upon the stock price. They are not allowed to do it piecemeal and notify one group of shareholders before the general public has a chance to see and react.

      There's people in jail that have done things less offensive than this.

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