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Not Too Late to Pick Up NewStar Energy

|Includes: NuStar Energy L.P. (NS)

Crude has been riding the reflationary wave, hitting a six month high of $58 yesterday. It is time to take another look at San Antonio, Texas based NuStar Energy (NYSE:NS). A spinoff of Valero Energy’s asphalt division, the company boasts 58.5 million barrels of storage facilities around the Gulf. The stock has already doubled since crude prices collapsed big time in October. The company has also been buying up asphalt production from other companies like CITCO, and may offer an additional infrastructure play, once Obama’s $30 billion road rebuilding program starts in earnest. Since my recommendation on January 29 (see   www.madhedgefundtrader... the stock has risen 15%. Given that one of the few certainties in life is that crude prices are going up, I would add to this position on any substantial dips.