NuStar chairman invests millions in hard-hit stock

NuStar Energy LP Chairman Bill Greehey bought $3.4 million in the company’s units the same week the San Antonio-based energy company’s stock lost nearly half its value.

On March 10, a day after oil and gas stocks took a dramatic downward turn, Greehey bought 200,000 units in NuStar (NYSE: NS), according to documents filed with the U.S. Securities and Exchange Commission. Two days later, he bought an additional 85,000 units. The units were bought in various volumes for $11 to $13 per share, with…

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