SUN - Sunoco, Inc (NYSE Stock)

[BadThad]

Recent upgrade to "neutral", attractive valuation (IMO) and a dividend coming.

Sunoco, Inc. - Google Finance

PHILADELPHIA--(BUSINESS WIRE)--Sunoco, Inc. (NYSE:SUN) today declared a cash dividend for the fourth quarter of 2009 of 30.0 cents per share on all full shares of common stock outstanding, payable December 10, 2009 to shareholders of record at the close of business on November 10, 2009. The dividend on Sunoco common stock is unchanged from the previous quarter.

Sunoco, Inc., headquartered in Philadelphia, PA, is a leading manufacturer and marketer of petroleum and petrochemical products. With 825,000 barrels per day of refining capacity, approximately 4,700 retail sites selling gasoline and convenience items, and an ownership interest in approximately 6,000 miles of crude oil and refined product pipelines and 43 product terminals, Sunoco is one of the largest independent refiner-marketers in the United States. Sunoco is a significant manufacturer of petrochemicals with an annual production capacity of approximately five billion pounds, largely chemical intermediates used to make fibers, plastics, film and resins. Utilizing a unique, patented technology, Sunoco's cokemaking facilities in the United States have the capacity to manufacture approximately 3.0 million tons annually of high-quality metallurgical-grade coke for use in the steel industry. Sunoco also is the operator of, and has an equity interest in, a 1.7 million tons-per-year cokemaking facility in Vitória, Brazil.

Current stock price: $27.79

[BadThad]

Stock up over 8% today to $32.35. I wish I'd remember my own posts sometimes. LOL

[BadThad]

News on earnings:

Sunoco to Release Third Quarter Earnings
8:21a ET October 16, 2009 (Business Wire)
Sunoco, Inc. (NYSE: SUN) announced today that it will release earnings for the third quarter of 2009 after the market closes on Thursday, November 5, 2009. The company will hold a conference call that evening at 5:30 p.m. ET to discuss its third quarter results. Those wishing to listen can access the call through Sunoco's website at Sunoco, Inc.. A replay will be available beginning approximately two hours following the completion of the call. A number of presentation slides will accompany the audio portion of the call and will be available to be viewed and printed shortly before the call begins.

Stock price down today, good time to buy: $32.10

[BadThad]

Stock dropping, great buy if it gets under $30.

Current stock price: $30.72 (down 1.23)

[thegreatgate]

Reporting A/H today. Current pps $31.39, up 2.3%.

[BadThad]

All big oil is up today, I suspect this will turn out to be a great play assuming the market doesn't collapse after todays run up.

[BadThad]

Analyst news:

Analyst tempers Sunoco outlook on weak results
7:30a ET November 6, 2009 (MarketWatch)
NEW YORK (MarketWatch) -- A $278 million charge for the idling of its Eagle Point, N.J. refinery contributed to a steeper-than-expected loss from Sunoco Inc. , an analyst noted on Friday. Jacques Rousseau of Soleil Securities cut his 2009 earnings outlook for Sunoco to 10 cents a share from 65 cents a share. He maintained his buy rating and $38 a share price target, but said Sunoco faced much-weaker-than-expected refining margins during the third quarter. Sunoco's operating loss of 29 cents a share fell short of Rousseau's forecast for a loss of 5 cents a share.

Current stock price: $29.28 (down over 5%)

Personally, I think this stock is a great buy today.

[BadThad]

Dividend $0.30 EX 10NOV2009

Dropped more, I'm looking to buy, current PPS: $28.88.

[BadThad]

In at $28.70, love rolling the dice with big oil!

[BadThad]

Rolled the dice too early, now this is turning into a definate bounce play. Stock down to $27.99, down almost 10% today.