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Genesis Energy LP said Monday it will pay

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OilStockReport   Monday, 11/01/10 03:32:13 AM
Re: Esyn post# 10
Post # of 38 

Genesis Energy LP said Monday it will pay $330 million in cash to buy Valero Energy Corp.’s 50% equity interest in the Cameron Highway Oil Pipeline partnership.

Quote:
“We believe that Cameron Highway is an attractive investment underpinned by the cash flows tied to large, dedicated anchor fields, the majority of which are not yet fully developed, and it has capacity and is geographically positioned to benefit from future midstream service opportunities,” the Houston firm said.



This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so do your own due diligence before and consult a licensed professional making any decisions.
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