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News Breaks
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November 13, 2009
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| 14:22 EDT |  | SUN |
| theflyonthewall.com: | Sunoco has a bearish flag pattern in progress, levels to watch | | Goldman Sachs earlier added the stock to its Conviction Sell list, and set a $25 price target on the shares. There is an active, irregular, bearish flag on the daily chart that has downside potential to the $23 area. Support levels to watch as potential downside objectives are at $25.63, $25, $24.56, $23.75, $23.33. Resistance is currently at $26.54, $26.97. :theflyonthewall.com |
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February 3, 2012
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| 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 |
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February 2, 2012
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| 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 |
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February 1, 2012
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| 10:33 EDT |  | SUN |
| | 05:54 EDT | | SUN |
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