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Sunoco Logistics Partners L.P. Message Board

  • andevenabs andevenabs Sep 19, 2005 2:06 PM Flag

    Perhaps this explains things

    from the SXL website:

    We generate revenues by:

    "...purchasing domestic crude oil and selling it to Sunoco, Inc. (R&M) and other customers. Our practice is not to enter into derivative commodity contracts."

    I wonder if they wnet upside down on some contracts? It sure coincides well with the post Katrina spot volatility.

    I can think of no other reason why this stock is weak lately, the secondary went well and there really hasn't been much by way of block trading activity.

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    • That's an interesting observation but, assuming they don't hedge, one would think that given the increase in the price of oil over the last few months, this re-selling activity should be profitable. Anyone unhedged who's losing money today selling oil should be ashamed of themselves! Regards. Luka

      • 1 Reply to mrluka
      • FWIW,

        The Sunoco station adjacent to the Exxon station is selling their gas 20 cents higher at the low and mid grade and 12 cents higher on the premium grade.
        Needless to say, not a single motorist pumping gas there, whereas the Exxon was very busy.

        Anyhow, I picked up several hundred more today for $38.30

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