MASTER LIMITED PARTNERSHIPS

Thursday, July 17, 2008

Not sure whats going on with Semgroup Energy Partners (SGLP) which is down 7 dollars on 1 million plus shares but no news headlines that i could find. Any clues out there?

MLPS doing better today overall as we are up 2 points on the index.

2 comments:

Anonymous said...: I have some color on SGLP. The parent company SemGroup LP has defaulted on some of its bank covenants. Being that 90% of SGLP's throughput is contracted by the parent, this is very bad for SGLP holders as the parents inability to pay for the throughput may impair SGLP's distributions and future. I own a few shares and vought a few earlier today before I got the news.

Mr. Pipes; 7/17/2008 11:42 AM
Anonymous said...: "Where there's smoke, there's fire."; 7/17/2008 11:50 AM