- Quote
- Commentary
- Scorecard
- Historical Prices
- Chart
- Stats
- Ratios
- Earnings/Growth Rates
- Statements
- SEC Filings
Recs
Recs
Semgroup's plans to initiate a dividend in Q2 could serve as a catalyst to drive its stock higher.
Deej
Recs
SemGroup (SEMG), Chesapeake (CHK), Gavilon Enter Joint Venture
8:24 am ET 02/21/2012 - Street Insider
SemGroup Corporation (NYSE: SEMG), Gavilon Midstream Energy, LLC, a subsidiary of The Gavilon Group, LLC; and an affiliate of Chesapeake Energy Corporation (NYSE: CHK) today announced plans to form a joint venture that will construct a 210-mile pipeline in western and north central Oklahoma which will deliver crude oil to a 1-million-barrel storage facility in Cushing, Oklahoma. The pipeline and storage facility will meet growing midstream requirements resulting from the burgeoning drilling activity in western Oklahoma and the Mississippi Lime play.
The pipeline will consist of two laterals, one originating near the town of Alva in Woods County, Oklahoma, and the other near the town of Arnett in Ellis County, Oklahoma. The laterals will intersect near Cleo Springs in Major County, Oklahoma, where the pipeline will increase in diameter and continue east to storage at Cushing. The pipeline will have an initial capacity of 140,000 barrels per day, and following the addition of more horsepower, a maximum operating capacity of 180,000 barrels per day. Construction of the pipeline is planned to begin in July 2012, and it is expected to be in service in the third quarter of 2013.
Recs
First, one has to get over their fear of investing on once-bankrupted companies. I've been watching this one since TMFDeej first recommended it. But, the new management seems to be on the right path. The refinancing and capital investments by themselves would be good things for this stock. But, throw in that this company will most likely convert to an MLP soon and the awesome dividend that will ensue, and this stock will have an awesome return coming soon.
Recs
Positive Stock for the next few years
Recs
A conversion to MLP status will offer a catalyst to this company, which has been recovering fairly nicely since its emergence from bankruptcy.
Recs
Want to take a look.
Recs
RSS Headlines
Fool UK
- Show Me:
-
Outperform
-
Underperform
-
All
- Sort by:
-
Author
-
Recs
-
Date
-
Member Rating
-
Results 1 - 8 of 8