|
|
News Breaks
|
November 5, 2009
|
| 13:28 EDT |  | SUN |
| theflyonthewall.com: | Sunoco: Earnings release technical preview, float-skew, gap risk | | BULLISH CASE: On better than expected news/outlook the stock could trade to the upper limit of the very short-term bullish price channel at $32.32. On a bullish breakout above the price channel the following resistance levels would become upside objectives: $33.25, $33.88, $34.44, $35.05, $35.74, $36.54, $37.24, $38.09, $38.75. BEARISH CASE: On worse than expected news/outlook the stock could trade to the lower limit of the price channel at $30.62. On a bearish breakdown below the price channel the following support levels would become downside objectives: $30.31, $29.81, $29.31, $28.85, $28.39, $27.93, $27.50, $26.97, $26.56, $26.13, $25.63, $25. NOTE: Moderate short-base in terms of days to cover at 3, but with a large 8% of the float short. Traders are positioned more for negative news. Reactions on a surprise, especially a positive one given the float-skew, have a high probability of being extreme in duration and price. High gap risk. :theflyonthewall.com |
|
|
News For SUN From The Last 14 Days Check below for free stories on SUN the last two weeks.
There are 10 items on the Fly with pertinent information.
Sign up for a free trial to see the rest of the stories you've been missing. |
|
February 3, 2012
|
| 14:37 EDT |  | SUN |
| theflyonthewall.com: | Fitch sees no impact from Sunoco's strategic initiative plan | | Sunoco's announcement that it intends to redeploy most of its current cash balances into a range of strategic initiatives, the largest of which include a stock buyback program and debt repurchase, is not expected to impact Fitch's ratings or outlook of the company at this time. :theflyonthewall.com |
| | 14:04 EDT |  | SUN |
| theflyonthewall.com: | Sunoco named a long Research Tactical Idea at Morgan Stanley | | :theflyonthewall.com |
|
|
February 2, 2012
|
| 17:47 EDT | | SUN |
| theflyonthewall.com: | Sunoco up 2% after-hours on CEO transition, stock buyback, dividend raise | | :theflyonthewall.com |
| | 16:13 EDT | | SUN |
| | 16:10 EDT | | SUN |
| | 16:08 EDT | | SUN |
| theflyonthewall.com: | Sunoco announces strategic initiatives, including buyback, dividend hike | | Sunoco announced it will focus on its high-return logistics and retail businesses and undertake a series of initiatives to improve its financial and strategic flexibility to better position itself to deliver sustainable value to shareholders. The initiatives include: Repurchasing up to 19.9% of Sunoco common shares in open market purchases over the next 12 – 18 months; Increasing the quarterly dividend per share by 33% from 15c to 20c; Reducing Sunoco’s leverage by repurchasing up to $400M of outstanding debt over the next year; Eliminating the need for pension fund contributions for the foreseeable future by contributing $80M pre-tax to the pension fund; Eliminating future retiree medical expense by restructuring retiree medical liability and contributing approximately $200M pre-tax to a dedicated Trust; Establishing a segregated environmental fund via a captive insurance company of approximately $250M to be used for remediation of legacy environmental obligations. :theflyonthewall.com |
| | 16:06 EDT |  | SUN |
| theflyonthewall.com: | Sunoco reports preliminary Q4 pretax loss ex-items of $48M | | Sunoco reported a net pretax loss attributable to Sunoco shareholders of $660M for Q4 versus pretax income attributable to Sunoco shareholders of $119M for Q4 of 2010. Excluding special items, Sunoco had a pretax loss of $48M for Q4 versus a pretax loss of $4M for Q4 of 2010. :theflyonthewall.com |
| | 15:12 EDT | | SUN |
|
|
February 1, 2012
|
| 10:33 EDT |  | SUN |
| | 05:54 EDT | | SUN |
|
|
|
|
|
Subscribe for More Information