Sunoco LP: Fuel Distributor Raises Annual Forecast After Record Sales of 4.1 Billion Gallons
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Sunoco operates as one of the largest independent fuel wholesalers and distributors in North America. The acquisition strategy is driving strong growth. The company has an extensive energy infrastructure and logistics network with terminals and pipelines for the transportation of crude oil and petroleum products. The P/E valuation is below 10, and a breakout to a new all-time high would generate a new pro-cyclical buy signal. Sunoco LP (SUN) is an American master limited partnership based in Dallas that has transformed from a traditional...
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