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Sunoco: Modest progress amid tepid gasoline sales |
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| Nov 04, 2009 07:21 PM UTC |
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Via BloggingStocks:
Filed under: Stocks to Buy  I'm Reiterating my Buy rating for Sunoco, Inc. (NYSE: SUN), first recommended on April 20, 2009 at a price of $26.58, but there are qualifiers, so close attention is warranted. If you bought SUN in April, you're up about 19%. Sunoco has been hurt by the high oil price/low gasoline demand condition pervasive in the giant U.S. market that's squeezed margins. Further, Sunoco's primarily sweet crude oil refining operation prevents it from capitalizing on larger-margin sour crude refining. However, the sweet focus has enabled SUN to produce larger amounts of higher-grade products. Continue reading Sunoco: Modest progress amid tepid gasoline sales Sunoco: Modest progress amid tepid gasoline sales originally appeared on BloggingStocks on Wed, 04 Nov 2009 14:21:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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