Energy services firm SemGroup (SEMG +7.6%) rises after announcing the sale of its SemStream...

|By:, SA News Editor

Energy services firm SemGroup (SEMG +7.6%) rises after announcing the sale of its SemStream natural gas unit to NGL Energy (NGL +2.8%) for $100M in cash, 8.95M NGL shares (current value of $188M), and a 7.5% interest in NGL's General Partner. SemGroup also has plans to float an IPO for its Rose Rock Midstream subsidiary.