Energy is taking the lead today as crude is up nearly 2 dollars and energy stocks are leading the market today. The dow is essentially flat while mlps have gotten back 2 points of yesteday's loss.
Nustar (NS) leads the way up 1.50. Lots of fractional gains on the list. Breitburn (BBEP) is up 50 cents as they get a letter from their biggest shareholder Quicksilver Gas (KGS) saying they should pay down their debt and not cut the distribution. Just a handful of losers including Kinder Morgan (KMP) and Oneok LP (OKS) which are down small fractions.
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3 comments:
USS just filed for Ch 11 bankruptcy:
http://phx.corporate-ir.net/phoenix.zhtml?c=182477&p=irol-newsArticle&ID=1282762&highlight=
Joe. This is intriguing and, based on the share price, not entirely unexpected. Here is a link to an article about the company from 11/26/07, giving the impression it was doing great at that time.
http://tinyurl.com/d7qgg9
Any idea what happened to USS (the company web site is www.usslp.com)? Bad management, bad economy???
Thanks,
JCarroll
USS just got nailed by the credit market siezeure among so many other things. They were in default and got that delayed twice as they negotiated. I guess it finally came to a head
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