NuStar Energy sees EBITDA for all 3 segments improving in 2013 vs. last year NuStar expects to spend $600M-$625M on internal growth projects during 2013, primarily on projects in the Eagle Ford Shale, while our reliability capital spending should be in the range of $35M-$45M.
News For NS From The Last 14 Days
Check below for free stories on NS the last two weeks.
NuStar Energy upgraded to Overweight from Neutral at JPMorgan JPMorgan upgraded NuStar Energy citing valuation and expectations the company's divestitures will drive improved investor sentiment. The firm raised its price target for shares to $60 from $51.
NuStar Energy announces long-term agreements for light crude oil storage NuStar Energy announced that it has signed long-term agreements for light crude oil storage at its St. Eustatius terminal in the Caribbean and its Pt. Tupper terminal in Nova Scotia. In St. Eustatius, NuStar signed an agreement with a national oil company to lease 5M barrels of light crude oil storage. The agreement took effect March 1 and the first shipment is expected to arrive this week. In Pt. Tupper, the company re-signed a major U.S. oil company that will be leasing 3M barrels of light crude oil storage. This new agreement will go into effect on August 1, a day after the previous contract expires.