Last $64.73 USD
Change Today +0.30 / 0.47%
Volume 53.6K
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As of 9:52 AM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

nustar energy lp (NS) Key Developments

NuStar Energy L.P. and PMI Sign Letter of Intent to Form a Joint Venture to Develop Pipeline Infrastructure to Transport Liquefied Petroleum Gases and Refined Products into Mexico

NuStar Energy L.P. and PMI announced that the companies have signed a letter of intent for a proposed joint venture (JV) in which the two companies will develop new pipeline infrastructure to transport liquefied petroleum gases (LPGs) and refined products from the U.S. into northern Mexico to meet the region's growing demand for these products. Under the proposed JV, the companies will jointly fund construction of new pipeline and storage assets, and NuStar would manage construction and operation of those assets. LPGs and refined products will be delivered from Mont Belvieu and Corpus Christi, Texas, to Nuevo Laredo and Burgos-Reynosa, Mexico. The new pipeline and terminal facilities will be integrated with NuStar's existing pipeline infrastructure. This project will be supported by a throughput commitment from PMI. Based on current projections, the projects are expected to be completed and placed into service in the second half of 2016.

NuStar Energy L.P. to Form Joint Venture with P.M.I. Comercio Internacional, S.A. de C.V

NuStar Energy L.P. and P.M.I. Comercio Internacional, S.A. de C.V. have signed a letter of intent for a proposed joint venture (JV) in which the two companies will develop new pipeline infrastructure to transport liquefied petroleum gases (LPGs) and refined products from the US into northern Mexico. Under the proposed JV, the companies will jointly fund construction of new pipeline and storage assets, and NuStar would manage construction and operation of those assets. LPGs and refined products will be delivered from Mont Belvieu and Corpus Christi, Texas, to Nuevo Laredo and Burgos-Reynosa, Mexico. The new pipeline and terminal facilities will be integrated with NuStar's existing pipeline infrastructure. The project will be supported by a throughput commitment from PMI. Based on current projections, the projects are expected to be completed and placed into service in the second half of 2016.

Pemex and NuStar to Form JV to Build LPG, Fuels Pipelines

Pemex and NuStar have signed a letter of intent to create a joint venture that will build pipelines to transport refined products and liquefied petroleum gas (LPG) from the US to Mexico. The agreement is one of the to be signed between two companies. It signed the deal. Under the proposed joint venture, the companies will joint fund the construction of new pipelines and storage. The new pipelines and terminals will be integrated with NuStar's existing infrastructure, the company said. PMI will support the project by a throughput commitment. The companies should complete the project in the second half of 2016.

NuStar Energy L.P. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014

NuStar Energy L.P. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States. Speakers: Bradley C. Barron, Chief Executive Officer of NuStar GP LLC, President of NuStar GP LLC and Director of NuStar GP LLC, Thomas R. Shoaf, Chief Financial Officer of NuStar GP LLC and Executive Vice President of NuStar GP LLC.

NuStar Energy L.P. - Special Call

NuStar Energy L.P. - Special Call

 

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Valuation NS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.6x
Price/Book 2.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.7x
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