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To: Spekulatius who wrote (45299)	11/5/2011 10:44:36 AM
From: Sergio H	Read Replies (1) \| Respond to of 78628

<My guess is that they will issue new NS shares to the amount of 200M$ soon and NSH will get a free ride on the cash flow generated with expansions project that get paid from the capital raised. > It's not that simple as this is not something new. NS has been issuing new shares for years and they announced in their recent conference call that they plan to do so in 2012 to the tune of $350 million, stepping up to fund expansion. Distribution growth from this expansion would be realized in 2013. Expenses for the growth, $300m annually to expand its crude storage and transportation operations will continue to lower distributable cash flow, although NS forecasts a modest increase for 2012. Also from the conference call, NS plans to go on a buying spree as larger oil and gas companies strip themselves of pipeline and terminal assets. This would lower their growth expenses if they are able to continue buying from chapter 11 bankruptcy as they did earlier this year.

To: Spekulatius who wrote (45299)	11/5/2011 9:32:06 PM
From: Madharry	Read Replies (1) \| Respond to of 78628

would you say that the current dividend is safe for the next decade and is likely to increase some?

To: Spekulatius who wrote (45299)	9/5/2012 4:45:43 PM
From: Paul Senior	1 Recommendation Read Replies (2) \| Respond to of 78628

NS/NSH. Clownbuck, regarding your post on these stocks: >>My guess is that they will issue new NS shares to the amount of 200M$ soon and NSH will get a free ride on the cash flow generated...<< Today Nustar announced issuance of more shares: "NuStar Energy prices offering of 6.2 mln common units at a public offering price of $48.94 per unit ( NS)" Seems to me I've continued to be wrong about NS, and I should've bought NSH(general partner) -- which you've liked better. NSH up today, NS falls to new low. I'm in for a few more NS shares, although I'm reconsidering if I might ultimately be better off switching to NSH and its lesser distribution (yield). finance.yahoo.com