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(AFX UK Focus)
2009-08-11 21:17
UPDATE 1-SemGroup Energy Partners sees cloudy future |
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NEW YORK, Aug 11 (Reuters) - SemGroup Energy Partners LP , an oil pipeline and storage company, said on Tuesday that uncertainties around its credit facilities have raised doubts it could continue operating.
Master limited partnership are popular structures for midstream energy companies, such as pipeline and storage owners, since those assets produce steady cash flows that are distributed to unit owners under more advantageous tax structures than corporations pay.
(Reporting by Matt Daily; editing by Andre Grenon) Keywords: SEMGROUP/ (matt.daily@thomsonreuters.com; Reuters Messaging: matt.daily.reuters.com@reuters.net; +1 646 223 6121)
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