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
$18.17
Day's Change
-0.3999 (-2.15%)
Bid
--
Ask
--
B/A Size
--
Day's High
18.74
Day's Low
18.10
Volume
(Below Average)

Today's volume of 266,991 shares is on pace to be lower than NS's 10-day average volume of 447,379 shares.

266,991

Tilray and Aphria merger closes and creates world's biggest weed company by revenue

1:59 pm ET May 3, 2021 (MarketWatch)
Print

Ciara Linnane

Aphria CEO Irwin Simon to head new Tilray

Canadian cannabis companies Tilray Inc. and Aphria Inc. announced the closing of their merger on Monday, creating the world's biggest weed company measured by revenue.

The companies are expecting the new combined company -- which will operate as Tilray -- to generate pretax cost-saving synergies of $81 million within 18 months of closing.

Irwin D Simon, formerly Aphria's CEO and chairman, will lead the new Tilray, with Tilray's current CEO Brendan Kennedy joining the board.

Tilray shareholders voted in favor of the deal on Friday. Aphria shareholders received 0.8381 of a Tilray share for each Aphria common share owned.

The company's stock will continue to list on Nasdaq under the ticker "TLRY" and will start trading on the Toronto Stock Exchange on Wednesday under the same ticker.

"Our focus now turns to execution on our highest return priorities including business integration and accelerating our global growth strategy. Covid-19 related lockdowns have presented unique challenges across Canadian and German markets," Simon said in a statement. "

See now: U.S. cannabis producers are now favored by Wall Street analysts, who've soured on Canadian companies (https://www.marketwatch.com/story/u-s-cannabis-producers-are-now-favored-by-wall-street-analysts-whove-soured-on-canadian-companies-11618922391?mod=home-page)

The company is expecting to be well-positioned to capitalize on any change in U.S. cannabis laws, said Simon. The company owns SweetWater, a cannabis craft beer brewer, and Manitoba Harvest, a hemp, CBD and wellness products maker that has access to 17,000 stores in North America.

Tilray shares (TLRY)were down 7% Monday, but are up 106% in the year to date, while the Cannabis ETF(THCX) has gained 44% and the S&P 500 has gained 11.7%.

Don't miss: New York's 13% cannabis tax may be too high, since state has 'one of the most sophisticated' black markets in U.S., expert says (https://www.marketwatch.com/story/new-york-legalizes-cannabis-in-move-thats-expected-to-shake-up-the-business-and-advance-federal-reforms-11617216381?mod=cannabis-watch)

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

May 03, 2021 13:59 ET (17:59 GMT)

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