One of the key attributes of a successful investor is that he typically avoids large losses and risky bets. SemGroup (SEMG) would normally be thought of as an income investor vehicle. But all kinds of stretched financing should warn off income investors. Similarly, investors seeking capital gains may be interested at first glance. But the presence of shark investors should warn the capital gain-seeking investor of an enhanced downside potential. The result would be that most investors should wait for a lot clearer waters before deciding to invest in this company.