SemGroup Energy jumps 20% on news parent company taken over by creditors

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SemGroup Energy Partners LP (Nasdaq:SGLP) said ahead of the opening that creditors had assumed control of its parent company SemGroup Holdings LP. The news sent shares up 20%. Last week, SemGroup Holdings announced it was considering filing for Chapter 11 bankruptcy protection. SemGroup Energy is a Tulsa, Okla.-based operator of midstream energy assets. High fuel costs have threatened the delivery aspect of its business. Shares are down 65% since January.

In today’s trading, shares of SemGroup Energy are at $9.96 at 11:51 a.m. ET, up $1.66 from Friday’s close. Shares have ranged from $5.98 to $31 during the past year.

For detailed price information and recent news stories about SemGroup Energy Partners LP, click SGLP.