Things That Go BOOM! in the Night: SemGroup Energy [View article]
The WSJ article inferred that the CEO set himself up as an OTC counterparty so that he could use Semgroup's credit to speculate in crude oil. If it's true, all of the corporate officers that allowed it to happen will probably find out what the penalty for malfeasance is in federal prison system.
Things That Go BOOM! in the Night: SemGroup Energy [View article]