All Posts Tagged With: "SXL"
(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(SXL) Sunoco Logistics Partners LP – Bull of the Day
Buoyed by a robust operating performance and favorable growth prospects, we are upgrading Sunoco Logistics Partners, LP (SXL) to Outperform from Neutral. Recent results for Sunoco Logistics have been driven by strength in its crude pipeline system and terminals facilities. Importantly,...
17Aug2011 | vitalstocks | 0 comments | Continued(MMP) Magellan Midstream Partners, L.P. Beats EPS – Misses Revenue
Pipeline operator Magellan Midstream Partners, L.P. (MMP) announced better-than-expected second quarter 2011 profits, aided by contributions from recently-completed acquisitions and expansion projects. The Tulsa, Oklahoma-based oil distributor reported earnings per unit (EPU)...
5Aug2011 | vitalstocks | 0 comments | Continued(SXL) Sunoco Logistics Partners’ Profits Surge
Crude oil pipelines and terminals operator Sunoco Logistics Partners L.P. (SXL) announced a jump in its second-quarter 2011 profits, driven by strong contributions from the crude pipeline system and terminals facilities. The partnership’s diluted earnings per unit (“EPU”)...
3Aug2011 | 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(COP) ConocoPhillips to Divest East Boston Terminal
ConocoPhillips (COP) has signed an asset sale agreement with Sunoco Logistics Partners LP (SXL) for its refined products terminal in East Boston, Massachusetts. Houston-based ConocoPhillips agreed to sell the terminal for $56 million in addition to the fair value of inventory. The...
30Jun2011 | vitalstocks | 0 comments | Continued(PAA) Plains All American Pipeline L.P. Acquires Assets Worth $175 Million
Plains All American Pipeline L.P. (PAA) announced that its subsidiaries have entered into five different agreements to acquire assets worth $175 million. All the acquired assets are in areas where the partnership has existing operations. The assets, which were acquired by the...
5Oct2010 | vitalstocks | 0 comments | Continued(PAA) Plains All American Pipeline Raises Funds Via Notes Issue
Plains All American Pipeline, L.P. (PAA) commenced the public offering of $400 million aggregate amount of 3.95% Senior Notes due Sept 15, 2015. The notes will be the unsecured senior obligations of Plains All American and guaranteed unconditionally by its certain subsidiaries. The...
9Jul2010 | vitalstocks | 0 comments | Continued(SUN) Sunoco Analysts Downbeat on The Near-Term
Last month, Sunoco Inc. (SUN), the Pennsylvania-based oil refiner and marketer, announced its financial results for the fourth quarter and fiscal year ended Dec. 31, 2009. Disappointing Results For the fourth quarter, Sunoco reported loss per share (excluding special items) of...
8Mar2010 | vitalstocks | 0 comments | Continued(EEP) Enbridge Energy Partners L.P. Reports In Line
Enbridge Energy Partners L.P. (EEP) reported its fourth quarter 2009 earnings of 64 cents per unit, in line with the Zacks Consensus Estimate and the year-earlier earnings of 67 cents. Total revenues for the quarter decreased more than 12% year over year to $1.63 billion. Enbridge...
1Feb2010 | vitalstocks | 0 comments | Continued(SXL) Sunoco Logistics Partners’ Profit Drops
Sunoco Logistics Partners L.P. (SXL) – a master limited partnership (MLP) ? announced weaker-than-expected fourth quarter results, hurt by lower earnings in the Crude Oil Pipeline System segment. The partnership reported earnings per unit (EPU) of $1.30, below the Zacks Consensus...
30Jan2010 | vitalstocks | 0 comments | Continued(NFX) Newfield Exploration’s Oklahoma Acreage Booming
Newfield Exploration (NFX) announced a record production at the company’s Woodford Shale play in the Arkoma Basin of southeastern Oklahoma. The gross operated production from this play reached 323 million cubic feet equivalent per day (MMcfe/d) or a net level of 184 MMcfe/d. Newfield...
20Jan2010 | vitalstocks | 0 comments | Continued(SXL) Sunoco Logistics Results Miss Estimates – Distribution Raised
Earlier today, Sunoco Logistics Partners L.P. (SXL) — a master limited partnership (MLP) — announced weaker-than-expected third quarter results, hurt by a 50% fall in sales on the back of lower crude oil prices. The partnership reported earnings per unit (EPU) of...
27Oct2009 | vitalstocks | 0 comments | Continued(SXL) Sunoco Logistics Partners L.P. Fairly Priced
Philadelphia-based Sunoco Logistics Partners L.P. (SXL) is a master limited partnership [MLP] that acquires, owns, and operates a geographically diverse portfolio of refined product and crude oil pipelines and terminal facilities. Sunoco Logistics reported solid second-quarter...
16Oct2009 | vitalstocks | 0 comments | Continued(SXL) Sunoco Logistics Partners LP Acquires Pipeline
Late last week, Sunoco Logistics Partners LP (SXL) reported that it has closed the acquisition of Excel Pipeline LLC, which owns the 52-mile Excel crude oil pipeline running from Duncan to a refinery in Wynnewood, both in Oklahoma. Sunoco Logistics purchased Excel from affiliates...
16Sep2009 | vitalstocks | 0 comments | Continued(SXL) Sunoco Logistics Enters Oversold Territory – Zacks Tale of the Tape
Sunoco Logistics Partners LP’s (SXL) share price has entered into oversold territory with a stochastic value of 13.76. The Zacks #2 Rank (“Buy”) stock has topped the consensus estimate in each of the last 4 quarters with an average surprise of 21.96%, or 23...
20Apr2009 | vitalstocks | 0 comments | Continued(SXL) Sunoco Logistics Partners LP – Momentum – Zacks Rank Buy
Sunoco Logistics Partners LP (SXL) has been on a very nice rally for the last four months, driven by higher earnings estimates and an improved energy environment. Company Description Sunoco Logistics Partners engages in the transportation and storage of refined crude products...
6Apr2009 | vitalstocks | 0 comments | Continued