Nustar Energy LP aims to "stay strong enough and nimble enough" to consider acquisitions, but the company's focus is to optimize what it has, CEO Curt Anastasio said on Friday. "The acquisition market looks to us like it has gotten more and more pricey," Anastasio told analysts during a third-quarter earnings conference call. The company wants to "stay in that game" but "we really have just got a full plate of internal growth at very attractive returns."
NuStar Energy L.P. (NuStar Energy) is engaged in the terminalling and storage of petroleum products, the transportation of petroleum products and anhydrous ammonia, and asphalt refining and fuels marketing. Shares of NS traded higher by 2.09% or $1.15/share to $56.18. In the past year, the shares have traded as low as $50.97 and as high as $71.69. On average, 191764 shares of NS exchange hands on a given day and today's volume is recorded at 155280.
