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Wednesday, July 23, 2008

Some after the close news. Semagroup LP (the parent company which is private) continues to impact mlps. Hiland Partners (HLND) puts out this statement about the bankruptcy impact. It says it will have no impact on distribution guidance. Plains All Amercian (PAA) put out another release after the close saying no material impact on its operations.

Something positive perhaps for Constellation Energy Partners (CEP) which has settled the "Torch Dispute" recieveing a favorable ruling. This lifts the uncertainty that has been overhanging this stock for months. No distribution increase this quarter but perhaps the settlement opens the door down the road. Stock is bid above the close in after hours but no trades. 18.30 x 18.97.

3 comments:

Anonymous said...

Joe,

Please do everyone a favor and not confuse SemGroup LP with SemGroup Energy Partners(SGLP). There is a world of difference between the entities.

The press releases all relate to SemGroup LP not SGLP.

Thanks.

Anonymous said...

Monster numbers from NGLS:

Targa Resources Partners LP Announces a 23 Percent Increase in Quarterly Distribution in Part Related to An Updated Hedging Program

joewxman said...

post has been corrected