ET - NuStar? YesStar!

• NuStar Energy published Q4/FY 2021 earnings on Thursday (Feb. 3), before the market opens.
• In light of that (potential risk) we've decided to check our related holdings and see if we need to take any action beforehand.
• Our findings have nothing to with the earnings report, and the actions we took are likely to relevant after just as they were before.
• In a nutshell, NuStar with swamped with preferred shares that has costed, and will continue to cost the business dearly.
• Nonetheless, all three publicly-trading preferred shares had (Series A) or will soon (Series B and C) shift/ed from fixed-to-floating rates, a change that has tremendous (current and future) implications on NuStar.

For further details see: