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4-Traders Homepage  >  Equities  >  Nyse  >  SemGroup Corp    SEMG

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SemGroup, Chesapeake Energy, Gavilon Venture To Build Okla Pipeline

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02/21/2012 | 03:36pm CEST

A venture between SemGroup Corp. (>> SemGroup Corp), Gavilon Midstream Energy LLC and a Chesapeake Energy Corp. (>> Chesapeake Energy Corporation) affiliate plans to build a 210-mile pipeline in western and north central Oklahoma to deliver crude oil to a storage facility in Cushing, Okla.

The pipeline will have an initial capacity of 140,000 barrels per day and could have a maximum operating capacity of 180,000 barrels per day with the addition of more horsepower.

Construction should begin in July and service is expected to start in the third quarter of 2013.

Financial terms weren't disclosed.

SemGroup provides midstream services and Chesapeake produces oil and natural gas. Gavilon Midstream is a unit of Gavilon Group LLC, a commodity-management firm.

Plains All American Pipeline LP (>> Plains All American Pipeline, L.P.) in October publicly announced its unsolicited offer to buy SemGroup for $1 billion public after SemGroup rejected the bid. SemGroup has since adopted a poison pill with a 10% trigger to guard against hostile takeover attempts.

-By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

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Sales 2017 1 708 M
EBIT 2017 181 M
Net income 2017 55,5 M
Debt 2017 1 454 M
Yield 2017 7,10%
P/E ratio 2017 32,85
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Chart SEMGROUP CORP
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SemGroup Corp Technical Analysis Chart | SEMG | US81663A1051 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 34,7 $
Spread / Average Target 33%
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NameTitle
Carlin G. Conner President, Chief Executive Officer & Director
Thomas R. McDaniel Chairman
Robert N. Fitzgerald Chief Financial Officer & Senior Vice President
Karl F. Kurz Independent Director
Ronald A. Ballschmiede Independent Director
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