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Nov 25, 2009 (Fresh Brewed Media via COMTEX) --
Sunoco (NYSE: SUN) closed yesterday at $25.62. 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 24.98 and resistance in the 26.06 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 on this stock, look at a Feb '10 24 covered call (SUN BK) for a net debit in the $22.82 area. That is also the break even stock price for this trade. This covered call has an 87 day duration, provides 10.93% downside protection and a 5.17% assigned return rate for a 21.69% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the SUN Jan '11 10 Call (VUN AB) and selling the Feb '10 24 call (SUN BK) for a $12.85 debit. The trade has an 87 day life and would provide 10.81% downside protection and an 8.95% assigned return rate for a 38.00% annualized return rate (for comparison purposes only). Sunoco has a current annual dividend yield of 4.63%.
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Tags: dividend nyse research S&P trade yield
Companies: Sunoco, Inc. (SUN)
PHILADELPHIA, Nov 16, 2009 /PRNewswire-FirstCall via COMTEX/ --
Sunoco Logistics Partners L.P. (NYSE: SXL) announced today that Deborah M. Fretz, President and Chief Executive Officer will speak at the RBC Capital Markets MLP Conference at 9:00 a.m. (Central Time) on Thursday, November 19, 2009 in Dallas, Texas. Ms. Fretz will discuss Sunoco Logistics' performance, growth strategies and financial objectives.
A copy of the slide presentation will be available on Sunoco Logistics' website under the Investor Section (www.sunocologistics.com). The presentation will also be webcast live at http://www.wsw.com/webcast/rbc108/panel1/ and archived for 30 days.
Sunoco Logistics Partners L.P. (NYSE: SXL), headquartered in Philadelphia, is a master limited partnership formed to acquire, own and operate refined product and crude oil pipelines and terminal facilities. The Refined Products Pipeline System consists of approximately 2,200 miles of refined product pipelines located in the Northeastern and Midwestern United States, the recently acquired MagTex Pipeline System, and interests in four refined products pipelines, consisting of a 9.4 percent interest in Explorer Pipeline Company, a 31.5 percent interest in Wolverine Pipe Line Company, a 12.3 percent interest in West Shore Pipe Line Company and a 14.0 percent interest in Yellowstone Pipe Line Company. The Terminal Facilities consist of approximately 10.1 million shell barrels of refined products terminal capacity and approximately 22.4 million shell barrels of crude oil terminal capacity (including approximately 19.0 million shell barrels of capacity at the Texas Gulf Coast Nederland Terminal). The Crude Oil Pipeline System consists of approximately 3,850 miles of crude oil pipelines, located principally in Oklahoma and Texas, a 55.3 percent interest in Mid-Valley Pipeline Company, a 43.8 percent interest in the West Texas Gulf Pipe Line Company and a 37.0 percent interest in the Mesa Pipe Line System. For additional information visit Sunoco Logistics' web site at www.sunocologistics.com.
SOURCE Sunoco Logistics Partners L.P.
http://www.sunocologistics.com
Tags: acquisition ceo conference crude oil nyse oil oklahoma partnership pipeline president products texas united states web
Companies: Sunoco Logistics Partners L.P. (SXL)
Nov 13, 2009 (Fresh Brewed Media via COMTEX) --
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 list. Technical indicators for the stock are neutral and S&P gives SUN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on SUN the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 30 range.
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Companies: Sunoco, Inc. (SUN)
Nov 09, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called a Downtrend for Sunoco (NYSE:SUN) on November 02, 2009 at $30.99.
Since then, Sunoco has returned 10.8% as of today's recent price of $27.65. Want to profit from these alerts?
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Tags: market nyse profit securities trial
Companies: Sunoco, Inc. (SUN)
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Sunoco is a trademark owned by Suncor Energy Inc. Suncor Energy Inc. is the parent company of Suncor Energy Products Inc. who market under the Sunoco brand in Eastern Canada.
NASCAR is a registered trademark owned by the National Association for Stock Car Auto Racing Inc. The operator of this website is not affiliated with, endorsed by or sponsored by the NASCAR organization. The official NASCAR website is NASCAR.com.
GREAT IMPROVEMENTS: Huntsville Auto Repair has made some modifications to its 28-plus year operation. The West End company is now serving Sunoco petroleum at its pumps, along with offering customers a wide array of tire products.
The company's credit card center provides processing support for all credit card transactions, including the Sunoco family of credit cards. The center is responsible for distributing customer credit card statements, billing, customer letters and correspondence.
Total : 1,050,000 View more »
Manufacturer and marketer of petroleum and petrochemical products. Includes information on business units, shareholder and financial data, facilities, products, services, events ...
Research SUNOCO INC historical prices, historical volume, splits and dividends.
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