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Reuters: SemGroup's $3.2 billion failure shocks backers

Started by chris, July 26, 2008, 12:41:08 AM

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chris

SemGroup's $3.2 billion failure shocks backers
      


NEW YORK (Reuters) - The dramatic collapse of energy trader SemGroup LP shocked the privately held firm's backers who until last week had little idea of the extent of the oil trading losses that sank it, sources said this week.
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