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Sunoco Announces Open Season on Permian Pipelines, Shares Jump

By  +Follow September 19, 2013 11:15AM
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Sunoco Logistics Partners LP (SXL) , the $7 billion market-cap oil and gas pipeline company from Texas, saw shares spike to within a dollar of their 52-week high on Thursday after announcing the initiation of a binding open season for its Permian Express 2 pipeline.

The Permian Express 2 is a pipeline project whose ultimate goal is to facilitate the delivery of crude from the Permian Basin, one of the world’s largest deposits of rocks from the geological period of the same name. Located mostly in the western portion of the state of Texas, as well as a bit of New Mexico, Permian has been a longstanding domestic source of oil in the US, and has also proven itself incredibly valuable in the nascent and much heralded shale energy boom.

According to Sunoco, the Permian Express 2 project will entail at least 300 miles of pipe, and will have a starting capacity of about 200,000 barrels per day, to be transported to both the companies own facilities, as well as those of interested third-party pipelines, with the Gulf Coast expected to be one of the main destinations.

The company has already been having a good year, with shares up some 33 percent since January 1, and yesterday’s late announcement just made it a little better, with shares climbing to $67. But the news bodes well for pipeline companies in general, who stand to benefit from both the delay/annulment of the proposed and widely reviled Keystone XL project, as well the continent-wide ramp up in production that is expected to be a trend in the long-term.

Gas pipeline segment of the basic materials sector had a banner day in general, with substantial gains for all but 5 out of 44 listed companies. Spectra Energy Partners (SEP) was up 3 percent to $43.92, while DCP Midstream Partners (DPM) added 2.5 percent to $49.37, followed by TC Pipelines (TCP) and SemGroup Corporation (SEMG) .

 

[Image Courtesy of Wikimedia Commons]

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for SXL
4-traders.com
23 Oct 14 14:30:03
SUNOCO LOGISTICS PARTNERS : Change in Directors or Principal Officers (form 8-K) http://t.co/BX2VIhpZib $SXL
Instrumental Data
23 Oct 14 14:25:04
SUNOCO LOGISTICS PARTNERS L.P. $SXL 8-K now available
Media Sentiment
23 Oct 14 09:54:59
$SXL received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 509
Market Int Center
23 Oct 14 09:52:08
Sunoco Logistics $SXL Showing Bearish Technicals With Support At $44.09 ( http://t.co/YQtYCbfGFV )
Daily Contracts
23 Oct 14 08:18:01
Real-Time feed of company contracts, original agreements and executive updates from Sunoco Logistics Partners Lp $SXL http://t.co/HFLQRvJ594
wininstocks2014
23 Oct 14 00:49:53
SXL 45.58 Stock Charts $SXL Sunoco Logistics Partners L.P. (NYSE) Last Updated: 10/23/2014 02:49:52 SXL Stock http://t.co/nbuAR7gwB8
Mike Mustafoglu
22 Oct 14 19:47:38
$MWE $MPC $MRO $MMP $NE $OII $OKE $OKS $OXY $PTEN $PXD $QRE $RDC $SLB $SPWR $SU $SUNE $SXL $TSO $VLO $WNR $XOM Bearish Stochastic Cross
CommSec
22 Oct 14 16:51:31
Biggest declines on the ASX200 today: $RSG dn 5.8%, $SXL dn 4.4%, $AWC dn 4.1%, $HZN dn 3.5%, $SUL dn 3.2% #ausbiz ^SD
Market Int Center
22 Oct 14 12:45:05
Potential Sunoco Logistics $SXL Trade Has 7.99% Downside Protection ( http://t.co/pHK9Y85XH1 )
4-traders.com
22 Oct 14 08:40:03
SUNOCO LOGISTICS PARTNERS : Other Events (form 8-K) http://t.co/8y38qhzyZs $SXL
NASDAQ
22 Oct 14 08:37:05
$SXL - Current Report Filing (8-k) http://t.co/KfdgqyJvrK
Instrumental Data
22 Oct 14 08:35:03
SUNOCO LOGISTICS PARTNERS L.P. $SXL 8-K now available
Sleek Money
22 Oct 14 05:08:32
Sunoco Logistics Partners L.P. $SXL Plans Quarterly Dividend of $0.38 http://t.co/1dnFSNke7r
Briefing.com
21 Oct 14 15:58:41
$SXL: Sunoco Logistics announced that it has declared a cash distribution for the third quarter of $0.3825, a 5%... http://t.co/03dGiMK8En
WKRB News
21 Oct 14 15:25:05
Sunoco Logistics Partners L.P. Declares Quarterly Dividend of $0.38 $SXL http://t.co/DRuTn4fTrP
US Banking News
21 Oct 14 15:20:51
Sunoco Logistics Partners L.P. Declares Quarterly Dividend of $0.38 $SXL http://t.co/QRVtCiBxN1
Kristian
21 Oct 14 14:25:07
RT @CommSec: Biggest declines on the ASX200 today: $SXL dn 6.5%, $VED dn 6%, $WOR dn 4.3%, $RSG dn 4.1%, $SVW dn 4% #ausbiz
Daily Contracts
21 Oct 14 14:02:00
Real-Time feed of company contracts, original agreements and executive updates from Sunoco Logistics Partners Lp $SXL http://t.co/HFLQRvJ594
Media Sentiment
21 Oct 14 14:00:02
$SXL received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 583
Walter Johnson
21 Oct 14 13:58:31
RT @theflynews: $SXL Sunoco Partners increases dividend 5% to 38.25c: Full Story http://t.co/oiBquMpT58
The Fly
21 Oct 14 13:56:38
$SXL Sunoco Partners increases dividend 5% to 38.25c: Full Story http://t.co/oiBquMpT58
4-traders.com
21 Oct 14 13:55:06
Sunoco Logistics Partners : Announces Tenth Consecutive Quarter over Quarter Distribution Increase of 5 Per... http://t.co/GqYL3L39ex $SXL
Stock Moo
21 Oct 14 13:53:53
$sxl: Energy Transfer Partners Increases Cash Distribution for Third Quarter of 2014 http://t.co/ahu8rAIQBF
Stock Moo
21 Oct 14 13:53:53
$sxl: Energy Transfer Equity Announces Eighth Consecutive Quarterly Cash Distribution Increase http://t.co/QaShF3vYwd
BV Basic Materials
21 Oct 14 13:53:05
$SXL Sunoco Logistics Announces Tenth Consecutive Quarter over Quarter Distribution Increase of 5 Perc.. http://t.co/UWposGx95g
4-traders.com
21 Oct 14 13:20:11
Sunoco Logistics Partners : Energy Transfer Equity : Announces Eighth Consecutive Quarterly Cash Distributi... http://t.co/oLL0gO8Z05 $SXL
4-traders.com
21 Oct 14 13:20:10
Sunoco Logistics Partners : Energy Transfer Partners Increases Cash Distribution for Third Quarter of 2014 http://t.co/YseKcBkJjp $SXL
NASDAQ
21 Oct 14 13:16:27
$SXL - Energy Transfer Equity Announces Eighth Consecutive Quarterly Cash Distribution Increase http://t.co/OLK7JZB8Yp
NASDAQ
21 Oct 14 13:16:24
$SXL - Energy Transfer Partners Increases Cash Distribution for Third Quarter of 2014 http://t.co/EdP6ZEJapw
CommSec
20 Oct 14 22:13:36
Biggest declines on the ASX200 today: $SXL dn 6.5%, $VED dn 6%, $WOR dn 4.3%, $RSG dn 4.1%, $SVW dn 4% #ausbiz
CommSec
20 Oct 14 20:02:15
Biggest declines on the ASX200 today: $RSG dn 9.6%, $SXL dn 7%, $VED dn 5.2%, $LYC dn 4.1%, $WOR dn 3.9% #ausbiz ^TP
Herawan Yunendra H
20 Oct 14 16:58:57
RT @CommSec: Biggest declines on the ASX200 today: $VED dn 5.2%, $SXL dn 3.8%, $WOR dn 2.7%, $AGO dn 2.7%, $KAR dn 2.5% #ausbiz ^TP
CommSec
20 Oct 14 16:52:40
Southern X Media $SXL off 3.8% after cutting FY & HY EBITDA guidance - share price down 47% so far this year. #media #ausbiz ^JR
jonnie gijon
20 Oct 14 16:51:44
RT @CommSec: Biggest declines on the ASX200 today: $VED dn 5.2%, $SXL dn 3.8%, $WOR dn 2.7%, $AGO dn 2.7%, $KAR dn 2.5% #ausbiz ^TP
CommSec
20 Oct 14 16:51:07
Biggest declines on the ASX200 today: $VED dn 5.2%, $SXL dn 3.8%, $WOR dn 2.7%, $AGO dn 2.7%, $KAR dn 2.5% #ausbiz ^TP
CommSec
20 Oct 14 16:11:46
Southern X Media $SXL lowers guidance H1 FY15 EBITDA down 18-20%(said in Aug expect fall 10-15%) #ausbiz ^JR
CommSec
20 Oct 14 16:10:21
Southern X Media $SXL lowers guidance b/c Market conditions & ratings challenges Expect FY Revenue down 7-8% (in AUG said 5-7%) #ausbiz ^JR
wizzwatch
20 Oct 14 04:39:30
Pre Market Advancers: $FM, $ESI, $AFL, $SCOK, $NLNK, $KNDI, $SXL, $MANH, $BK, $MFD, $BBRY, $NUGT, $EBS, $MANH, $STML, $WUBA, $TKMR ......
Fredrick
19 Oct 14 21:49:36
RT @StockSignaling: Visual Stock Comparison Tool: http://t.co/Vtx6dLy0Nw : $RES $PDCE $BAS $AT $EJ $EQM $SUNE $VNOM $NFLX $SSYS $GLOG $GPOR…
Thomas Rice
19 Oct 14 15:58:15
$SXL owns the broken pipeline, apparently.
Gigatrader
19 Oct 14 05:50:16
RT @StockSignaling: Visual Stock Comparison Tool: http://t.co/Vtx6dLy0Nw : $RES $PDCE $BAS $AT $EJ $EQM $SUNE $VNOM $NFLX $SSYS $GLOG $GPOR…
Chimp
19 Oct 14 04:15:16
RT @StockSignaling: Visual Stock Comparison Tool: http://t.co/Vtx6dLy0Nw : $RES $PDCE $BAS $AT $EJ $EQM $SUNE $VNOM $NFLX $SSYS $GLOG $GPOR…
Sleek Money
17 Oct 14 07:22:30
Sunoco Logistics Partners L.P. Upgraded to Buy by Bank of America $SXL http://t.co/jcFoAfRfaJ
Stock Signaling
17 Oct 14 05:31:15
Visual Stock Comparison Tool: http://t.co/Vtx6dLy0Nw : $RES $PDCE $BAS $AT $EJ $EQM $SUNE $VNOM $NFLX $SSYS $GLOG $GPOR $CAVM $SXL $NS #nyse
Stock Signaling
16 Oct 14 14:31:47
Upgraded Stocks Trading in a New Range: $EQM $SUNE $VNOM $NFLX $SSYS $GLOG $GPOR $CAVM $SXL $NS $ZINC $MMP $EGHT $GME $SFUN #nasdaq #dow
Stock Signaling
16 Oct 14 12:31:33
25 Stocks To Watch: http://t.co/Vtx6dLy0Nw : $SUNE $VNOM $NFLX $GLOG $GPOR $REX $ZINC $CAVM $MMP $SXL $NS $EGHT $EXXI $SWN $HP #nyse #stock
Stock Signaling
16 Oct 14 11:31:35
Upgraded Stocks Trading in a New Range: $EQM $SUNE $VNOM $NFLX $SSYS $GLOG $GPOR $CAVM $SXL $NS $ZINC $MMP $EGHT $GME $SFUN #analyst #nyse
Stock Wars
16 Oct 14 09:00:01
U.S. Active (Stock Wars): $CMRX +11.44%, $NFLX -22.05%, $SXL +7.8%, $LAKE +3.77%, $SBUX -0.06% http://t.co/iKxPnk4TjS #StockWars
Stock Wars
16 Oct 14 09:00:00
U.S. Gainers: $CHK +12.77%, $VNOM +8.84%, $SXL +7.97%, $SWN +7.92%, http://t.co/iKxPnk4TjS #StockWars
Stocks News&Markets
16 Oct 14 07:20:34
Nate made $2,378 on $PLUG -Check it out! http://t.co/61eO06gG71 Learn #howtotrade http://t.co/axK8SMSgo9 $ANR $ACI $SXL $MHR $WLT
				
				
By  +Follow September 19, 2013 11:15AM
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