[1rudeboy]

Inside The Semgroup Bust, Forbes, July 28, 2008.

Help me out here (I'm suffering from a headcold and don't feel up for the mental contortion). So Semgroup bet correctly, but too soon? (Yes, that means it bet incorrectly). So it was buried by margin calls? So does that mean that others conspired to put Semgroup out of business? Does that mean that Semgroup was squashed for predicting what happened?

This "evil speculator" stuff is complicated.

[jiggyboy]

So does that mean that others conspired to put Semgroup out of business?

http://www.google.com/search?q=semgroup+barclays&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a

Articles are available for those of any attention span, economic aptitude, and reasoning ability.

[Toddsterpatriot]

So Semgroup bet correctly, but too soon?

Yes. Assuming they were really selling oil at $100.

So it was buried by margin calls?

Yes. Forced to liquidate before oil dropped.

So does that mean that others conspired to put Semgroup out of business?

No.

Does that mean that Semgroup was squashed for predicting what happened?

No.