550 jobs lost as another Del. River refinery closes
Phillydeals (Free subscription) | 21/11/2009
Valero's Delaware City refinery follows Sunoco's Eagle Point in shutting down
Sunoco
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Four US firms on RILs radar
Indian Express (Free subscription) | 21/11/2009
Reliance Industries Ltd, which is eyeing multi-fold growth and a more widespread global footprint, is targeting US oil refining & marketing companies like Tesoro Corp, Delek US Holdings, Sunoco Inc and Valero Energy Corp for possible acquisition, says Macquarie Research in a new report. The acquisition target so far doing the rounds was troubled petrochemical major LyondellBasell, which is going...
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Unlocking the Value in Sunoco
The Street (Free subscription) | 20/11/2009
The oil refiner could use a bit of financial engineering, in the best sense of the phrase.
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Sunoco Oil CEO Says U.S. Policy Threat to Refiners
Bob McCarty Writes (Free subscription) | 20/11/2009
In my continuing effort to offer extensive coverage on fossil fuels-related subject matter such as the oil and natural gas industry, climate change and cap-and-trade legislation, including Waxman-Markey and Kerry-Boxer, I point you to the exchange above between Sunoco Inc. CEO Lynn Eisenhan and U.S. Rep. Edward Markey (D-Mass.) at the WSJ’s CEO Council. In short, [...]
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Sunoco (SUN) 11/19/09 PriceWatch Alert Targets 25.10% Return
MarketIntelligenceCenter.com (Free subscription) | 19/11/2009
Sunoco (NYSE: SUN) closed yesterday at $26.28. So far the stock has hit a 52-week low of $21.45 and 52-week high of $47.40. Sunoco stock has been showing support around 25.59 and resistance in the 27.21 range. Technical indicators for the stock are Bearish and S&P gives SUN a neutral 3 STAR (out of 5) hold rating. SUN appears on the Investors Observer Hedged Dividend Income list. For a hedged play...
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Volney ethanol plant to reopen next year
Biodiesel and Ethanol Investing (Free subscription) | 19/11/2009
Ethanol Producer Magazine reports that plans are in place for the Northeast Biofuels ethanol plant in Volney, New York, to become operational again during Q2 2010. The plant began production in August 2008, but ceased operations when the company filed for bankruptcy protection in January. Major oil refiner Sunoco Inc. purchased the plant for $8.5 [...]
Explore : Energy and Water
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Edward Burtynsky's 'Oil' at the Corcoran
Modern Art Notes (Free subscription) | 18/11/2009
An artist interested in tackling a big subject -- a subject such as mankind's dependence on oil -- has a tough job: You can't do it in one picture. Photographer Edward Burtynsky understands that. For the last 12 years he's taken hundreds of pictures in an effort to document our relationship with oil. A thrilling, haunting exhibition of 56 of them, "Edward Burtynsky: Oil," is on view now...
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Sunoco (SUN) 11/17/09 PriceWatch Alert At $23.43 Break Even
MarketIntelligenceCenter.com (Free subscription) | 17/11/2009
Sunoco (NYSE: SUN) closed yesterday at $26.43. So far the stock has hit a 52-week low of $21.45 and 52-week high of $47.40. Sunoco stock has been showing support around 25.76 and resistance in the 27.46 range. Technical indicators for the stock are Bearish and S&P gives SUN a neutral 3 STAR (out of 5) hold rating. SUN appears on the Investors Observer Hedged Dividend Income list. For a hedged play...
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Sunoco (SUN) Gets Added To Goldman's Conviction Sell List
MarketIntelligenceCenter.com (Free subscription) | 13/11/2009
Sunoco (NYSE: SUN) opened at $26.75. So far today, the stock has hit a low of $25.86 and a high of $26.89. SUN is now trading at $26.47, down $0.75 (-2.76%). Over the last 52 weeks the stock has ranged from a low of $21.45 to a high of $47.40. Shares of SUN are falling today after Goldman Sachs added the stock to its Conviction Sell ...
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Notable Analyst Rating Changes 11/13: GT, QCOM, JNPR, ATK, CRM Upgraded; SUN, V, AAP, PWRD Downgraded
StreetInsider.com News Articles (Free subscription) | 13/11/2009
StreetInsider.com Notable Analyst Rating Changes: UPGRADES: Goldman Sachs upgrades Goodyear Tire & Rubber Co. (NYSE: GT) from Neutral to Buy, and raised the 6-month price target from $17 - $19. Wells Fargo upgrades QUALCOMM Inc. (NASDAQ: QCOM) to Outperform. Valuation Range increased to $50-$60 from $40-$46. Oppenheimer upgrades Juniper Networks Inc (NASDAQ: JNPR) from Market Perform to Outperform...
Explore : Aerospace and Defense, Alliant Techsystems, Banking, Business Intelligence, CRM, Energy and Water, Equipment, Financial Services, Goldman Sachs Group, Information Technology, Juniper Networks, Money, NASDAQ, Network Equipment, QUALCOMM, Salesforce.com, Software, Software and services, Stock exchange, Telecommunication, Wells Fargo
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Sunoco (SUN) 11/13/09 PriceWatch Alert Support Down To $26.59
MarketIntelligenceCenter.com (Free subscription) | 13/11/2009
Sunoco (NYSE: SUN) closed yesterday at $27.22. So far the stock has hit a 52-week low of $21.45 and 52-week high of $47.40. Sunoco stock has been showing support around 26.59 and resistance in the 28.31 range. Technical indicators for the stock are Bearish and S&P gives SUN a neutral 3 STAR (out of 5) hold rating. SUN appears on the Investors Observer Hedged Dividend Income list. For a hedged play...
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Refiner Dividends: The Bad News Keeps Coming
SeekingAlpha.com (Free subscription) | 13/11/2009
Jim Trippon submits: The bad news regarding dividends just keeps coming out of the oil and gas refining sector. Last month, we told you about Sunoco ( SUN ) slashing its dividend by 50%. Unfortunately, that reduction appears to have been just the tip of the iceberg as Sunoco rival Tesoro ( TSO ) followed suit yesterday. Despite the fact that Tesoro reported third-quarter results that beat Street estimates,...
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Sunoco (SUN) 11/12/09 PriceWatch Alert At $24.37 Break Even
MarketIntelligenceCenter.com (Free subscription) | 12/11/2009
Sunoco (NYSE: SUN) closed yesterday at $27.77. So far the stock has hit a 52-week low of $21.45 and 52-week high of $47.40. Sunoco stock has been showing support around 27.24 and resistance in the 28.54 range. Technical indicators for the stock are Bearish and S&P gives SUN a neutral 3 STAR (out of 5) hold rating. SUN appears on the Investors Observer Hedged Dividend Income list. For a hedged play...
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Sunoco (SUN) 11/11/09 PriceWatch Alert With $24.22 Break Even
MarketIntelligenceCenter.com (Free subscription) | 11/11/2009
Sunoco (NYSE: SUN) closed yesterday at $27.52. So far the stock has hit a 52-week low of $21.45 and 52-week high of $47.40. Sunoco stock has been showing support around 26.88 and resistance in the 28.00 range. Technical indicators for the stock are Bearish and S&P gives SUN a neutral 3 STAR (out of 5) hold rating. SUN appears on the Investors Observer Hedged Dividend Income list. For a hedged play...
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PhillyDeals: Sunoco fading from Center City
Philadelphia Inquirer (Free subscription) | 11/11/2009
Sunoco is fading from Center City. Just four years into a 15-year lease, the company has asked Philadelphia office broker David Binswanger to find new tenants for its headquarters at Mellon Bank Center, 1735 Market St.