SemGroup Energy Partners LP (Nasdaq:
SGLP) is down 38% to a 52-week low today after announcing after the close Thursday its parent company,
Semgroup LP, is having liquidity problems and could seek Chapter 11 bankruptcy protection. SemGroup Energy is a
Tulsa, Okla.-based company that owns and maintains a portfolio of midstream energy assets. Also, ahead of today’s opening, the company announced Terry Ronan will replace Kevin Foxx as the president of CEO SemGroup LP.
In today’s trading, shares are at $6.79 at 9:59 a.m. ET, down $4.21 from Thursday’s close. Trading volume is well above the average number of shares. During the past year, shares have ranged from the 52-week low of $6.27 it reached just after the opening to a high of $31.
For detailed price information and recent news stories about SemGroup Energy Partners LP, click SGLP.
