Black Gold

Helman, Christopher; Moyer, Liz
April 2009
Forbes Asia;4/13/2009, Vol. 5 Issue 6, p32
The article reports on the role played by Goldman Sachs & Co. in the oil trading fiasco that bankrupted oil pipeline giant Semgroup Holdings, a $14 billion private firm in Tulsa, Oklahoma. As reported, Goldman Sachs, alongwith Citibank and Merrill Lynch had knowledge about Semgroup's trading positions from their vetting of an ill-fated $1.5 billion private placement deal in spring 2008.


Related Articles

  • Analysts see 2013 Brent price around $110/b.  // Energy Today (Hungary);01/02/2013, p5 

    The article reports on the 2013 Brent crude forecast by analysts at Goldman Sachs.

  • Goldman Sachs case points to volatility of markets. Mills, Alex // Fort Worth Business Press;5/3/2010, Vol. 22 Issue 18, p27 

    The author discusses the lessons learned from the case of Goldman Sachs with respect to the oil and gas industry, including the risk and volatility factor in the markets.

  • Market Intelligence. Davis, Nigel // ICIS Chemical Business;9/21/2015, Issue 3676, p16 

    The article focuses on the analysis of the oil market conducted by the International Energy Agency (IEA). Topics covered include the decision by investment banking firm Goldman Sachs to lower its base case oil price forecast for West Texas Intermediate crude, the impact of the lower price...

  • Munis Shrug Off Effect From California News. Ramage, James // Bond Buyer;7/12/2012, Vol. 381 Issue 33746, p2 

    The article offers financial industry news briefs from the U.S. as of July 12, 2012. Financial service firm JP Morgan conducted the pricing of the Transitional Finance Authority (TFA) building aid revenue bonds. Goldman Sachs & Co. priced the water and wastewater system revenue refunding bonds...

  • FYI crainsnewyork.com.  // Crain's New York Business;8/6/2012, Vol. 28 Issue 32, p2 

    The article offers information related in New York. City Mayor Michael Bloomberg will take another change on illegal guns after six innocent New Yorkers were injured because of gunfire. A chapter 11 bankruptcy protection was filed by restaurateur Nino Selimaj which covers him and his...

  • Buyout FAIL: Energy Future Readies for Bankruptcy. M. S. // Leveraged Finance News;4/22/2013, Vol. 3 Issue 16, p1 

    The article focuses on a bankruptcy plan discussed by Energy Future Holdings which will see the company's hand over of its equity to senior lenders and remove $32 billion debt. It says that the plan enables creditors to receive 85% of the equity with private equity sponsors led by Kohlberg...

  • Poker um Karstadt. Müller, Jürgen // Textilwirtschaft;4/29/2010, Issue 17, p16 

    The article discusses various options to deal with bankrupt company Karstadt. Topics discussed include a possible takeover by invevstor company Triton, a breakup of the company if the negotiations with Triton fail, or the option that Goldman Sachs could ensure a temporary maintenance of...

  • ... Lehman Brothers had not collapsed? Brummer, Alex // Prospect;Sep2014, Issue 222, p18 

    The author discusses the things that happened to Lehman Brothers in 2008 that led to its collapse. The author mentions the move of the heads of the international finance on September 13-14, 2008 to find a buyer for Lehman with Barclays as its prospective buyer. The author cites the move of other...

  • Interview: Talking Hedge Funds with Girish Reddy of KKR Prisma. Alexander, Jan // AR Magazine;Apr2014, Vol. 6 Issue 4, p1 

    Reddy once set out to reinvent funds of funds. Now he says seeking beta isn't always a bad habit.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics