All Posts Tagged With: "SUN"
(SUN) Oil and Gas Stock Outlook – February 2012 – Industry Outlook
OUTLOOK Crude Oil Signs of progress in resolving Europe’s long-running sovereign debt crisis and a tightening global supply picture in view of the geopolitical fallout over Iran’s alleged nuclear ambitions have been keeping oil prices at elevated levels. Partly offsetting...
8Feb2012 | vitalstocks | 0 comments | Continued(SUN) Sunoco Upgraded to Neutral
Following Sunoco Inc’s (SUN) announcement to exit the refining business, we have upgraded the Philadelphia, Pennsylvania-based downstream operator’s shares to Neutral from Underperform. Last week, Sunoco came out with plans to get rid of its East Coast-based facilities that...
19Sep2011 | vitalstocks | 0 comments | Continued(ALJ) Stock Market News for September 19, 2011 – Market News
On Friday, U.S. markets inched up to close in the green with the S&P 500 recording its highest rally since July 2011. Hopes of EU overcoming its sovereign debt crisis gathered strength after Treasury Secretary Timothy Geithner said US would join other EU leaders to seek out...
19Sep2011 | vitalstocks | 0 comments | Continued(BAC) Company News for September 7, 2011 – Corporate Summary
• Lufkin Industries (NASDAQ:LUFK) said it had concluded an Asset Purchase Agreement to purchase virtually all the assets of Quinn’s Oilfield Supply Ltd for around $303 million • Shares of exploration company Sunoco Inc. (NYSE:SUN) gained 5.32% after the...
7Sep2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for August 23, 2011 – Market News
Markets lacked the conviction to bet big leading to a flat finish for the benchmarks on Monday. A choppy day of trading was initially spurred by hopes that the Fed chairman would announce another asset-buying plan on Friday, but lingering concerns about the domestic and global...
23Aug2011 | vitalstocks | 0 comments | Continued(TSO) Tesoro Maintains Earnings Momentum
Independent refiner Tesoro Corporation (TSO) came out with impressive second-quarter 2011 results, driven by higher throughput, improved margin environment and solid operational performance. Earnings per share (excluding special items) came in at $1.65, comfortably surpassing...
5Aug2011 | vitalstocks | 0 comments | Continued(SUN) Sunoco Spreads Retail Network
In an attempt to expand its retail web, Sunoco Inc. (SUN) added 13 sites of its namesake brand in Birmingham, Alabama. The expansion was done under the terms of an agreement entered into with Quality Petroleum of Alabama and Chattahoochee Oil, a distributor of petroleum products. The...
30Jun2011 | vitalstocks | 0 comments | Continued(SXL) Sunoco Logistics Partners L.P. Makes Twin Purchases
Sunoco Logistics Partners L.P. (SXL), a master limited partnership, has agreed to acquire an oil storage plant in New Jersey from Sunoco Inc. (SUN) in a stock deal, for approximately $100 million. Additionally, Sunoco Logistics plans to invest about $90 million for further development...
30Jun2011 | vitalstocks | 0 comments | Continued(SUN) Sunoco Analyst Maintains Underperform on Shares
We have maintained our Underperform recommendation on oil refiner and marketer Sunoco Inc (SUN). Lately, investors have been selling the stock for its weak fundamentals and tepid outlook. The disappointing first quarter results have added to this bearishness. Sunoco, which competes...
29Jun2011 | vitalstocks | 0 comments | Continued(SUN) Sunoco Incorporated – Bear of the Day
We are maintaining our Underperform recommendation on Sunoco Inc. (SUN), based on a number of issues that have stalled the company’s stock price. Sunoco’s operational reliability issues and increased unscheduled downtime have overshadowed its strong quarterly results...
28Jun2011 | vitalstocks | 0 comments | Continued(IMF) Stock Market News for June 22, 2011 – Market News
Markets ended in the green for the fourth consecutive day after Greece’s Prime Minister won a confidence vote which may help the nation avoid a sovereign debt default. While the technology and energy sectors chipped in to bolster the benchmarks, a smaller-than-expected decline...
22Jun2011 | vitalstocks | 0 comments | Continued(C) Company News for June 08, 2011 – Corporate Summary
• International Paper Company (NYSE:IP) offered to buy Temple-Inland (NYSE:TIN) in a deal worth $3.38 billion. Reacting to this development, share prices of Temple-Inland rose 40.36% to close at $29.49 • Share prices of Skyworks Solutions, Inc. (NASDAQ:SWKS) increased...
8Jun2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for June 8, 2011 – Market News
On Tuesday, Ben Bernanke said US economic growth remained “frustratingly slow from the perspective of millions of unemployed and underemployed workers”. Such comments from the Federal Reserve Chairman kept the investors bearish as the markets suffered losses for the fifth...
8Jun2011 | vitalstocks | 0 comments | Continued(GDP) Stock Market News for April 29, 2011 – Market News
The nations’ economic growth rate slowed larger than estimated and claims for unemployment benefits soared to its highest level since January. Surprisingly, these disappointing reports failed to sting the markets which moved to post more multi-year highs. Markets continued...
1May2011 | vitalstocks | 0 comments | Continued(EIA) What Consumers and Investors Should Know About Gas Prices
by David Fessler, Investment U’s Energy and Infrastructure Expert Tuesday, April 19, 2011 Big surprise: They’re up and heading higher. Nationally, gasoline prices – which averaged $2.76 last summer – are forecast to be at least $1.10 higher this summer, as the U.S....
27Apr2011 | InvestmentU | 0 comments | Continued(VLO) What Consumers and Investors Should Know About Gas Prices
by David Fessler, Investment U’s Energy and Infrastructure Expert Monday, April 18, 2011 Big surprise: They’re up and heading higher. Nationally, gasoline prices – which averaged $2.76 last summer – are forecast to be at least $1.10 higher this summer, as the U.S. Energy...
26Apr2011 | InvestmentU | 0 comments | Continued(AA) Stock Market News for January 4, 2011 – Market News
Markets greeted investors with New Year wishes as they closed higher and major benchmarks set new records on Monday. Robust growth in manufacturing and a better-than-expected construction spending report helped the indices post significant gains. Investors can take lot of heart...
4Jan2011 | vitalstocks | 0 comments | Continued(TSO) Tesoro Third Quarter 2010 Earnings Scorecard
Earlier this month, independent refiner Tesoro Corporation (TSO) announced its financial results for the third quarter ended September 30, 2010. Now that the analysts have had some time to ponder upon the quarterly performance of Tesoro, they are weighing in their estimate revisions....
15Nov2010 | vitalstocks | 0 comments | Continued(TSO) Tesoro Third Quarter 2010 Earnings Scorecard
Earlier this month, independent refiner Tesoro Corporation (TSO) announced its financial results for the third quarter ended September 30, 2010. Now that the analysts have had some time to ponder upon the quarterly performance of Tesoro, they are weighing in their estimate revisions....
15Nov2010 | vitalstocks | 0 comments | Continued(SUN) Double-Dip Means Double Trouble for U.S. Refiners – Play the Gasoline Boom $$
by David Fessler, Energy and Infrastructure Expert Friday, August 27, 2010: Issue #1333 Despite boasting just 5% of the global population, the United States goes through 25% of the world’s oil every year. That startling statistic is no secret – and it’s entirely understandable....
29Aug2010 | InvestmentU | 0 comments | Continued(COP) U.S. Energy Department’s Reports Rise in Fuel Supplies
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decline in crude oil stockpiles, while demand from refiners was above expectations. However, on the negative side, gasoline and distillate supplies increased from their week-ago levels. Crude...
9Jul2010 | vitalstocks | 0 comments | Continued(CVX) U.S. Crude Oil Stocks Drop – Distillates Increase
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decline in crude oil stockpiles, while gasoline supply remained essentially flat. The agency’s report further added that inventories of distillate fuel posted a higher-than-expected rise,...
10Jun2010 | vitalstocks | 0 comments | Continued(COP) U.S. Energy Department Reports Positive Inventory Data
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decline in crude stockpiles, while gasoline supply logged another surprise decline. The agency’s report further added that inventories of distillate fuel posted a smaller-than-expected...
6Jun2010 | vitalstocks | 0 comments | Continued(VLO) U.S. Energy Department Reports Crude Supplies Jump – Fuels Down
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected climb in crude stockpiles. However, on the positive side, gasoline and distillate supplies logged surprise declines. Refinery run-rates were almost flat from the previous week. Crude Oil The...
28May2010 | vitalstocks | 0 comments | Continued(EIA) Oil & Gas May 2010 Industry Outlook
OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, has been the main driver of the oil rally that saw the commodity breaching the $85 per barrel level earlier this month. However, in recent days, concerns about the European debt crisis...
17May2010 | vitalstocks | 0 comments | Continued(EIA) EIA Reports Larger Than Expected Crude Oil Inventory Data
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected climb in crude stockpiles, while distillate supplies posted a surprise build. Gasoline stocks, meanwhile, logged a sharp decline and refinery run-rates increased significantly from the previous...
8Apr2010 | vitalstocks | 0 comments | Continued(SUN) Sunoco Completes Chemical Subsidiary Sale
Oil refiner and marketer Sunoco Inc. (SUN) closed the previously announced sale of its polypropylene subsidiary Sunoco Chemicals Inc. to Brazil-based petrochemical and resin producer Braskem S.A. (BAK) for approximately $350 million in cash. As part of the deal, Sunoco sold polypropylene...
7Apr2010 | vitalstocks | 0 comments | Continued(SUN) Sunoco Incorporated – Bear of the Day
We have downgraded Sunoco, Inc. (SUN) shares to Underperform from Neutral, reflecting the bearish refining margin outlook. Weak demand for refined products in the global downturn and increased capacity has squeezed margins throughout the industry. Rising crude oil prices have...
7Apr2010 | vitalstocks | 0 comments | Continued(SUN) Sunoco Incorporated – Bear of the Day
We are downgrading Sunoco, Inc. (SUN) shares to Underperform from Neutral, reflecting the bearish refining margin outlook. Weak demand for refined products in the global downturn and increased capacity has squeezed margins throughout the industry. Rising crude oil prices have...
29Mar2010 | vitalstocks | 0 comments | Continued(SUN) Sunoco Analyst Downgrades Stock
We are downgrading Sunoco Inc. (SUN) shares to Underperform from Neutral, reflecting the bearish refining margin outlook. Weak demand for refined products in the global downturn and increased capacity has squeezed margins throughout the industry. Rising crude oil prices have...
27Mar2010 | vitalstocks | 0 comments | Continued