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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]

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Results for SXL
D
30 Mar 15 07:38:10
At some divvy point they come get $sxl
Media Sentiment
30 Mar 15 05:45:07
$SXL received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 91
Market Int Center
30 Mar 15 05:44:00
Sunoco Logistics $SXL Showing Bearish Technicals With Support At $40.75 ( http://t.co/qOPo6hzoEY )
dailystockplays.com
28 Mar 15 09:51:37
Ichimoku Green http://t.co/uEqHFUb86g $AMAT $WFT $BBT $PWE $CNQ $CAR $PGN $SXL $CENX $DOV $FBHS $WYNN $ALJ $ECR $BGCP $UTIW $WERN $ARG $CZZ
Breaking News Now
28 Mar 15 06:35:04
$SXL: Basic Materials Stocks News Buzz - Sunoco Logistics Partners (SXL ...: http://t.co/JiJHibsiCe
Kevin Ajenifuja
27 Mar 15 12:19:52
Great short for April $SXL.
dailystockplays.com
26 Mar 15 14:39:45
NR7 http://t.co/JeVawk6mAq $AVP $ABBV $AIG $SLV $WU $CTL $TSN $STWD $GNW $ITB $SYY $YOKU $SXL $SPF $MON $TWC $NRG $KBH $TOL $GALE
ShortStockVolume.com
26 Mar 15 14:31:58
Top Shorted Stocks 03/26/15... 13. $VGK 77.95% 14. $DBEF 77.35% 15. $SXL 77.21% 16. $HBAN 76.80% 17. $NE 74.63% 18. $KRE 74.57%...
ShortStockVolume.com
26 Mar 15 14:31:56
Top Shorted Stocks 03/26/15... 13. $VGK 77.95% 14. $DBEF 77.35% 15. $SXL 77.21%... http://t.co/G3a8VWSj7H
Shiraz Lakhi
26 Mar 15 08:32:58
Most active ENERGY #stocks trading UP on STRONG VOLUME-SPIKE: $SXL $ENLK $ZN ++ (click "View") http://t.co/s69rzo321t
monestsignalen
26 Mar 15 07:53:03
#aandelen nieuwe pocket pivots - http://t.co/JWxolVNVFz $CODE $AGN $SXL
Capital Market Labs
25 Mar 15 14:53:55
$KMI vs. $OKE vs. $SXL Compared Across 9 Critical Measures Chart: http://t.co/pMAQOW0T4G
McKillopFin.Planning
25 Mar 15 14:33:58
RT @ASX: #ASX200. Yesterday's biggest risers were BRADKEN $BKN, up 7.37%, STHNXMEDIA $SXL, up 5.88% & MYER $MYR, up 4.43%. #ASXTop3.
ASX
25 Mar 15 14:00:01
#ASX200. Yesterday's biggest risers were BRADKEN $BKN, up 7.37%, STHNXMEDIA $SXL, up 5.88% & MYER $MYR, up 4.43%. #ASXTop3.
ProTradersNews
25 Mar 15 13:35:01
$SXL: New SEC Filing for SXL: Form 8-K (No. 0001161154-15-000015): http://t.co/SE2ush6kxP
New SEC Filings
25 Mar 15 13:34:15
NEW SEC Filing for $SXL filed a moment ago: http://t.co/v7Gs7ayfH3 http://t.co/IlHnj8HQJ4
BV Basic Materials
25 Mar 15 13:31:03
$SXL Sunoco Logistics Partners L.P files Form 8-K (Events or Changes Between Quarterly Reports) SEC Fi.. http://t.co/v6mKiEodOR
franked
25 Mar 15 02:01:24
The top 5 winners on the #asx300 today $API +8.31%, $BKN +7.37%, $LYC +6.67%, $SXL +5.88%, $HSN +5.58% http://t.co/X9tmsY6d7R #asx #ausbiz
Ric
24 Mar 15 22:42:15
RT @CommSec: Biggest gains on the ASX200 today: $BKN up 7.4%, $SXL up 5.9%, $MYR up 4.4%, $PBG up 4.3%, $AOG up 4.2% #ausbiz ^TP
MyWealth
24 Mar 15 22:29:25
RT @CommSec: Biggest gains on the ASX200 today: $BKN up 7.4%, $SXL up 5.9%, $MYR up 4.4%, $PBG up 4.3%, $AOG up 4.2% #ausbiz ^TP
CommSec
24 Mar 15 22:13:32
Biggest gains on the ASX200 today: $BKN up 7.4%, $SXL up 5.9%, $MYR up 4.4%, $PBG up 4.3%, $AOG up 4.2% #ausbiz ^TP
EquitySmart
24 Mar 15 21:56:14
RT @CommSec: Biggest gains on the ASX200 today: $BKN up 8.4%, $AOG up 6.6%, $SXL up 4.1%, $AGI up 3.9%, $PDN up 3.9% #ausbiz ^SD
Krishan
24 Mar 15 20:28:20
Biggest gains on the ASX200 today: $BKN up 8.4%, $AOG up 6.6%, $SXL up 4.1%, $AGI up 3.9%, $PDN up 3.9% #ausbiz ^SD"
Some Adventures
24 Mar 15 20:06:33
RT @CommSec: Biggest gains on the ASX200 today: $BKN up 8.4%, $AOG up 6.6%, $SXL up 4.1%, $AGI up 3.9%, $PDN up 3.9% #ausbiz ^SD
CommSec
24 Mar 15 20:02:03
Biggest gains on the ASX200 today: $BKN up 8.4%, $AOG up 6.6%, $SXL up 4.1%, $AGI up 3.9%, $PDN up 3.9% #ausbiz ^SD
BreakingStocksNews
24 Mar 15 16:32:02
$GS $C $BAC $MTRX $MMP $EEP $SEMG $SXL $KMP: There's Pure Profit Sitting at the Top of U.S. Crude Oil Tanks: http://t.co/u4KD4Mw4V5
Daily Contracts
24 Mar 15 14:53:00
Real-Time feed of company contracts, original agreements and executive updates from $SXL http://t.co/HFLQRvruhw
Media Sentiment
24 Mar 15 09:45:04
$SXL received a new alert. Find out why at http://t.co/nZwqRf3BRT #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 232
Market Int Center
24 Mar 15 09:43:09
Sunoco Logistics $SXL Showing Bearish Technicals With Support At $40.98 ( http://t.co/N9CtKUk8am )
Market Realist
24 Mar 15 09:11:51
A Review of Sunoco Logistics Partners: Decent Expectations for 2015 $SXL $BWP $ETP $OKS http://t.co/ZiJpXAEuqr
NASDAQ
24 Mar 15 06:52:02
$SXL - Current Report Filing (8-k) http://t.co/xJN6z8lSYX
Breaking News
24 Mar 15 06:50:07
$SXL: New SEC Filing for SXL: Form 8-K (No. 0001161154-15-000013): http://t.co/Zh57Zg5XeX
Company SEC Filings
24 Mar 15 06:49:05
NEW SEC Filing for $SXL filed a moment ago: http://t.co/Lf87nTtt3i http://t.co/45HGMscjA5
BV Basic Materials
24 Mar 15 06:49:02
$SXL Sunoco Logistics Partners L.P files Form 8-K (Events or Changes Between Quarterly Reports) SEC Fi.. http://t.co/Doii8y3i3w
Penny Stock Secret
23 Mar 15 17:09:40
Yesterday We Made $94,000 In Just One Trade More Info Here http://t.co/NovWYe2RAx .. $SXL $SXT $SYA
Muathe
23 Mar 15 13:44:37
SHORT IDEAS [ As Per $STUDY VIDEO; http://t.co/T3mJYa2jag ]; $AOL $BRS $CLW $CZZ $KEG $KSU $SXL $TUES http://t.co/Lu45Qisie5
NASDAQ
23 Mar 15 06:29:04
$SXL - Sunoco LP and Energy Transfer Partners Announce $816 Million Dropdown of Interest in Fuel Distribution http://t.co/QgGZDzaDj2
				
				
By  +Follow September 19, 2013 11:15AM
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