1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (5738) 

Third Avenue Management Comments on SemGroup

December 19, 2013 | About:

In early August SemGroup (NYSE:SEMG), an owner and operator of oil and gas midstream assets, including pipelines and storage and blending facilities, closed on an opportunistic purchase of assets from Chesapeake Energy. The assets nicely complement SemGroup's existing core assets that stretch from Colorado to Oklahoma. While SemGroup will have to spend money to complete the assets—money that financially distressed Chesapeake likely could not justify—we view the expenditures favorably given their high return characteristics.From Third Avenue Management's fourth quarter 2013 commentary.


Rating: 4.0/5 (1 vote)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


ks052557Value Stocks3
Tauphipi5/26/16
MariocabReinvestment Moats
Tauphipi5/25/2016
lane1020NCAV-Australia/NZ
LMANLEYBEST II
LMANLEYDeep Value Quality
sphillips60565Small/Mid Cap Banks
harrisgreg07Low-PS-Short-Ratio-Predictabil
av_ranjhaMoat

Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK