TITLE

Black Gold

AUTHOR(S)
Helman, Christopher; Moyer, Liz
PUB. DATE
April 2009
SOURCE
Forbes Asia;4/13/2009, Vol. 5 Issue 6, p32
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
41038985

 

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