NuStar Energy LP
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Energy : Oil, Gas & Consumable Fuels | Small Cap Value
Company profile

NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company's segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia. The storage segment consists of facilities that provide storage, handling and other services for petroleum products, crude oil, specialty chemicals and other liquids. The fuels marketing segment involve the purchase of crude oil, fuel oil, bunker fuel, fuel oil blending components and other refined products for resale. It conducts its operations through its subsidiaries, primarily NuStar Logistics, L.P. and NuStar Pipeline Operating Partnership L.P. It has approximately 10,000 miles of pipeline and 73 terminal and storage facilities that provide approximately 72 million barrels of storage capacity.

Price
Delayed
$18.19
Day's Change
-0.38 (-2.05%)
Bid
--
Ask
--
B/A Size
--
Day's High
18.74
Day's Low
18.10
Volume
(Below Average)

Today's volume of 268,608 shares is on pace to be lower than NS's 10-day average volume of 447,379 shares.

268,608

UPDATE: After GameStop, Andrew Left says Citron will no longer write short selling reports

10:35 am ET January 29, 2021 (MarketWatch)
Print

By Mark DeCambre

Outspoken activist short seller Andrew Left on Friday said that after 20 years, his firm Citron Research will exit the business of writing reports focusing on companies whose value may fall.

Via Twitter and YouTube video, Left explained his decision with a headline saying: "Citron Research discontinues short selling research. After 20 years of publishing Citron will no longer publish 'short reports'."

Citron said it would focus instead "on giving long side multibagger opportunities for individual investors."

(https://twitter.com/CitronResearch/status/1355152873487798274)

The decision comes after a battle with stock traders who gathered on social-media platforms like Reddit Discord and Facebook (FB) and drove up the shares of heavily shorted stocks like GameStop Corp. (GME), a bricks-and-mortar videogame retailer that Left said was worth only about $20 a share.

Left said that feud escalated quickly and resulted in his personal information being shared widely and his social-media accounts being hacked. Left also said that his two children were threatened via text.

The battle also spilled over into other stocks, including AMC Entertainment Holdings (AMC) and BlackBerry Ltd. (BB.T), where individual investors vied against hedge funds, raising worries about the fragility of the market, as well as concerns that financial markets are stacked against individual investors.

Left describes himself as a watchdog of "fraudulent and over-hyped stocks," and is best known for his call several years ago on the Canadian pharmaceutical then known as Valeant Pharmaceuticals, which changed its name to Bausch Health Cos. (BHC.T)

-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

January 29, 2021 10:35 ET (15:35 GMT)

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