NuStar Energy gains on sale of storage terminals

NuStar Energy LP

02/08/2021 15:29

** Shares of oil and gas transportation service co  NS.N 
climb as much as 2.54% to $16.98 
    ** Co to sell its storage terminals in the Northeast and one
terminal in Florida to fuel retailer Sunoco LP  SUN.N  for $250
mln  urn:newsml:reuters.com:*:nBw1Dz3Tza
    ** Sale includes eight terminal locations and is expected to
close by the beginning of the fourth quarter of 2021
    ** This divestiture will allow co to deploy the proceeds to
further improve its debt metrics - CEO 
    ** Sunoco LP  SUN.N  up as much as 1.71% at $38.61 
    ** Barclays served as exclusive financial adviser 
    ** NS stock up ~17% YTD, as of last close 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))