Blueknight Energy Partners, L.P. (NASDAQ:BKEP)
The Company is a provider of midstream energy services, to own, operate and develop a diversified portfolio of complementary midstream energy assets.
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This former spin-off of Semgroup just had its first profitable quarter in many years and is about to re-list on a major exchange.
Deej
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Parent company (Vitol) has a very strong backing with strong cash assets. Due to Vitol's goals of increasing storage capacity worldwide, BKEP should get plenty of capital investment. Also, with the current price trends on crude oil, storage of front month crude will likely rise with crude storage capacity acquiring a premium. Vitol alone has a large storage agreement with BKEP to facilitate their crude business. Ian Taylor (Vitol worldwide CEO) and James Dyer (BKEP CEO) are very strong leaders with a track history of success. Even with the current shareholder bickering that is currently taking place, BKEP should have a profitable future.
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837M cap on 35M sales and neg earnings?? Hello people, anyone out there own a calculator?
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SEM Group have a variety of potential net worth increases including a new natural gas pipeline connecting refineries from Colorado to Oklahoma.
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With pipeline ownership and the need for oil distribution, this is a recent IPO that should do consistently well. Of particular interest to me is its parent corporation relationship.
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