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CST: 12/12/2019 17:36:15   

SemGroup Responds to Alinda Capital 13D Filing

212 Days ago

TULSA, Okla., May 13, 2019 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE: SEMG) today provided the following statement in response to the schedule 13D filed by Alinda Capital Partners.

SemGroup welcomes regular and thoughtful engagement with its shareholders and seriously considers all suggestions that may enhance shareholder value. The Company values robust communications with shareholders, but does not publicly comment on specific shareholder discussions.

SemGroup’s Board and management team are focused on creating shareholder value by seeking to capture strategic growth opportunities while balancing prudent capital management. The Board and management team will continue to evaluate opportunities to de-lever its balance sheet, commercialize and optimize its core assets, and deploy capital across operating areas to generate superior returns for shareholders.

About SemGroup
SemGroup® Corporation (NYSE: SEMG) moves energy across North America through a network of pipelines, processing plants, refinery-connected storage facilities and deep-water marine terminals with import and export capabilities. SemGroup serves as a versatile connection between upstream oil and gas producers and downstream refiners and end users. Key areas of operation and growth include western Canada, the Mid-Continent and the Gulf Coast. SemGroup is committed to safe, environmentally sound operations. Headquartered in Tulsa, Okla., the company has additional offices in Calgary, Alberta; Denver, Colo.; and Houston, Texas. SemGroup uses its Investor Relations website and social media outlets as channels of distribution of material company information. Such information is routinely posted and accessible on SemGroup’s Investor Relations website at www.semgroup.com, SemGroup’s Twitter account and LinkedIn account.

Forward-Looking Statements
Certain matters contained in this Press Release include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995.

All statements, other than statements of historical fact, included in this Press Release may constitute forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include the risk factors discussed from time to time in each of our documents and reports filed with the SEC.

Readers are cautioned not to place undue reliance on any forward-looking statements contained in this Press Release, which reflect management’s opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.

Contacts:
SemGroup Investor Relations:
Kevin Greenwell
918-524-8081
investor.relations@semgroup.com

SemGroup Media:
Tom Droege
918-524-8560
tdroege@semgroup.com

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