NYSE: BGH
(NYSE: BGH).This press release includes forward-looking statements that we believe to bereasonable as of today's date. You may alsoobtain these documents for free by visiting IDEA on the SEC website at Partners, L.P. is a publicly traded partnership that owns and operatesone of the largest independent refined petroleum products pipeline systems inthe United States in terms of volumes delivered, with approximately 5,400miles of pipeline Buckeye Partners, L.P. also owns 64 refined petroleumproducts terminals, operates and maintains approximately 2,400 miles ofpipeline under agreements with major oil and chemical companies, owns a majornatural gas storage facility in northern California, and markets refinedpetroleum products in certain of the geographic areas served by its pipelineand terminal operations The general partner of Buckeye Partners, L.P isowned by Buckeye GP Holdings L.P. Morgan, Attention: Prospectus Library, 4 Chase Metrotech Center, CSLevel, Brooklyn, New York 11245, by fax at (718) 242-8003 or by telephone at(718) 242-8002; or Wachovia Securities, Attention: Equity Syndicate Dept., 375Park Avenue, New York, New York 10152, by email , or by telephone at (800) 326-5897. The offering may be madeonly by means of a prospectus supplement and accompanying base prospectus.Copies of the prospectus supplement and accompanying base prospectus relatedto this offering may be obtained from: Barclays Capital, c/o BroadridgeIntegrated Distribution Services, 1155 Long Island Avenue, Edgewood, New York11717, by email at , or by telephone at (888)603-5847; Citi, Brooklyn Army Terminal, Attention: Prospectus Delivery Dept.,140 58th Street, Brooklyn, New York 11220, or by telephone at (800) 831-9146;J.P. Buckeye intends to use the net proceeds from this offering to reduce theindebtedness outstanding under its revolving credit facility.Barclays Capital, Citi, J.P.
Morgan, and Wachovia Securities acted as jointbook-running managers of the limited partnership unit offering. Deutsche BankSecurities acted as the co-manager of the offering.This news release does not constitute an offer to sell or a solicitation of anoffer to buy the securities described herein, nor shall there be any sale ofthese securities in any state or jurisdiction in which such an offer,solicitation, or sale would be unlawful prior to registration or qualificationunder the securities laws of any such jurisdiction. Buckeye Partners, L.P. Announces Sale of an Additional 390,000 LimitedPartnership UnitsBREINIGSVILLE, Pa., April 24 /PRNewswire-FirstCall/ -- Buckeye Partners, L.P.(NYSE: BPL) ("Buckeye") today announced that the underwriters of its recentequity offering have exercised their option in full to purchase an additional390,000 limited partnership units.This sale is part of Buckeye's equityoffering that was priced on March 26, 2009.The underwriters had a 30-dayoption to purchase up to 390,000 additional limited partnership units. I wouldn't rest my franchise in the hands of a pitcher switching leagues, but it is definitely something to take notice of if the situation presents itself. This article is also featured on . He is 0-7 to start the 2008 campaign with a 6.95 ERA and he hasn't shown any signs of turning it around.Statistically, the numbers don't lie Most pitchers fare better in the National League. However, when he joined the Giants in 2007, he tied his career high in losses (14), set a new high in ERA (4.53), a set a new low in strikeouts since becoming an everyday starter (131).
His ERA was only above 4.00 once, and he had a Cy Young under his belt as well. When Barry Zito made the switch from the American League to the National League during the 2007 offseason, many thought he would be come the best pitcher in the National League. His 102-63 record with the Athletics made him one of the winningest pitchers in the American League since 2000. Opposing batting average also dropped 0.026 points, further supporting the notion that the NL is a safer place for pitchers.That is not always the case though. While this may be an example of maturity, facing the bottom of the order definitely tacks on a few each game.
However, after joining the Padres in 2006 and seeing his ERA drop .80 points, you see that he is much better off in the National League. Not only that, but his strikeouts have increased from 137 to 164 in just one season. In his final year with Texas, he went 12-7 with a 4.26 ERA and 137 K. At first glance, this looks like a good year for a twenty-six year old pitcher in his first season. He pitched in thirty-five more innings than the previous year, something that facing the bottom of the order attributes to.A similar circumstance came about with Chris Young of the Padres. Of the twenty-nine, average ERA's dropped nearly 85 points, from 4.79 to 3.94.
While this does not always put wins in the win column, it does help the individual pitcher get their team closer to adding more wins. Changing leagues should not really affect ones ERA though, but history shows that it has made a big difference.In the case of Bronson Arroyo, the move from the Red Sox to the Reds paid off big time. Although Arroyo put up the same win totals in 2004 with the Red Sox and 2005 with the Reds, his ERA dropped 1.22 points and we saw his strikeouts jump by 84 K's. Daly; Editing by Andrea Ricci) (For more Economics news and our MacroScope blog, go toblogs.reuters /macroscope)( +1 202 898 8395; ReutersMessaging: ) Currencies Global Markets. Fans have always been quick to jump the gun and say a pitcher will do better in a switch to the National League. That the eight batters you face do not stand a chance against the nine hitters you see in the AL.