DocLevi
10 years ago
How is the Permian Express 2 coming along?
http://www.reuters.com/article/2014/02/27/us-oil-permian-vitol-idUSL1N0LW2RM20140227
Feb 27 (Reuters) - Swiss oil trader Vitol is working with Sunoco Logistics Partners to expand pipeline capacity for shipping booming Permian Basin crude output to the Gulf Coast, growing its foothold in the West Texas supply chain.
The two companies formed a 50-50 venture called SunVit Pipelines in the third quarter last year to build a new crude oil pipeline from the Permian oil storage hub in Midland to Garden City, Texas, about 40 miles east, where it will connect into Sunoco's Permian Express 2 line, it said in an SEC filing. The venture had not previously been widely reported.
Sunoco also confirmed that it had successfully completed an open season in the fourth quarter for the Permian Express 2, which will carry some 200,000 barrels per day (bpd) from multiple areas in the Permian some 300 miles to the coast.
Permian Express 2 is due to begin operating in the second quarter of next year, Sunoco said. It said the SunVit line should begin running next year, without providing a date.
No further details were available on the SunVit line. Spokespeople for Sunoco and Vitol did not immediately reply to requests for comment.
They are part of a flush of investment in new oil pipelines and other infrastructure necessary to carry the unexpected boom in shale and unconventional oil production from places like North Dakota's Bakken and the Permian Basin.
The Permian may be a particularly attractive place to invest for traders, since Midland is already an established storage hub, though smaller than Cushing, Oklahoma, and pipelines offer the flexibility of shipping northeast to Cushing or south to the Gulf Coast refinery row.
For a list of other pipeline projects see:
Vitol's direct involvement also shows how privately owned foreign trading companies like Trafigura and Mercuria are racing to secure strategic assets in the U.S. oil supply chain, hoping they can take advantage of the dramatic volatility that has seized U.S. crude markets.
Through its co-owned master limited partnership firm Blueknight Energy Partners, Vitol already has access to substantial infrastructure in west Texas and Oklahoma.
Blueknight, which has 15 million barrels of crude and oil product storage and 1,264 miles of pipeline, also operates and maintains a Vitol crude oil terminal in Midland under a five-year deal running until 2017, according to its SEC filings. The filing provided no further details on the terminal.
In September, BlueKnight began running the 150,000 barrels per day Pecos River crude oil pipeline that carries Permian Basin crude to Magellan Midstream Partners' reversed Longhorn pipeline moving oil Gulf Coast refineries. It is considering extending the line, which it operates with a 30 percent ownership stake, into New Mexico.
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Shoot, Jim I thought said this June... it's next year 2015
Timothy Smith
11 years ago
$SXL - Corporate developments for consideration.
In May, Sunoco Logistics Partners announced that it received enough binding commitments to enable its Mariner South Pipeline to proceed as planned.
The Mariner South Pipeline will transport export grade propane and butane from Lone Star NGL LLC's storage and fractionation complex in Mont Belvieu, Texas to Sunoco Logistics' terminal in Nederland, Texas.
In addition to export grade propane and butane, the pipeline will be available for other natural gas liquids and petroleum products depending on shipper interest.
The pipeline is anticipated to have an initial capacity to transport approximately 200,000 bbl/d and can be scaled to support higher volumes as needed.
The pipeline is expected to be operational in the first quarter of 2015. More details and a map of this project are shown in my article here.
Slashnuts
11 years ago
GreenShift Licenses Its Patented Corn Oil Extraction Process to Sunoco
GreenShift Licenses Its Patented Corn Oil Extraction Process to Sunoco
http://www.greenshift.com/corn-oil-extraction/413-2/
Slide show of GERS technology in SXL's refinery.
http://www.greenshift.com/129/
GreenShift Licenses Its Patented Corn Oil Extraction Process to Sunoco
Technology Produces Feedstock for Biodiesel, Second Renewable Fuel from Sunoco’s Green E15 Manufacturing Facility in Fulton, New York
NEW YORK--(BUSINESS WIRE)-- GreenShift Corporation (GERS) announced today that it has licensed its patented technology to Sunoco for extraction of corn oil from a co-product of Sunoco’s corn ethanol manufacturing facility in Fulton, New York. The recovered corn oil is a valuable raw material for use in the manufacturing of biodiesel and other carbon-neutral products.
Designated an ‘advanced technology’ by the U.S. Environmental Protection Agency, GreenShift’s patented corn oil extraction is proven to improve the profitability, energy efficiency and carbon footprint of ethanol plants. GreenShift’s extraction process gives Sunoco the exciting ability to contribute to the production of a second renewable fuel (biodiesel) from every kernel of corn that is refined into ethanol. One kernel of corn can now produce two renewable fuels using GreenShift’s proprietary process.
Sunoco additionally awarded GreenShift the construction project to design and install the equipment.
“We selected GreenShift to be our technology provider after extensive review,” added Gary Center, Fulton ethanol facility manager at Sunoco. “The ability to extract corn oil to sell to third parties will provide a positive economic impact at the plant.”
“GreenShift is very pleased to be working with Sunoco; throughout the entire process Sunoco demanded the very best, and we are pleased that we were able to deliver,” added Edward Carroll, GreenShift’s President.
About Sunoco, Inc.
Sunoco is a leading transportation fuel provider with operations located primarily in the East Coast and Midwest regions of the United States. The company sells transportation fuels through more than 4,900 branded retail locations in 23 states. APlus convenience stores are operated by the company or independent dealers in more than 600 retail locations. The retail network in the Northeast is principally supplied by Sunoco-owned refineries with a combined crude oil processing capacity of 505,000 barrels per day. Sunoco is also the General Partner and has a 31-percent interest in Sunoco Logistics Partners, L.P., a publicly traded master limited partnership which owns and operates 7,600 miles of refined product and crude oil pipelines and approximately 40 active product terminals. Through SunCoke Energy, Sunoco makes high-quality metallurgical-grade coke for major steel manufacturers. The company's facilities in the U.S. have the capacity to manufacture approximately 3.7 million tons of metallurgical-grade coke annually. Sunoco also is the operator of, and has an equity interest in, a 1.7 million tons-per-year coke-making facility in Vitória, Brazil.
About GreenShift Corporation
GreenShift Corporation (GERS) develops and commercializes clean technologies that facilitate the more efficient use of natural resources. GreenShift is focused on doing so today in the U.S. ethanol industry, where GreenShift innovates and offers technologies that improve the profitability of licensed ethanol producers. Additional information on GreenShift and its technologies is available online at www.greenshift.com.
Good Luck To All!$!$!$!$!$!$
Slashnuts
11 years ago
GERS Patented Technology In SXL's Refinery
Here's a fact, SXL is licensed with Greenshift, GERS, and paying a royalty on every gallon of oil extracted with Greenshift's technology. GERS is a profitable penny stock with several big oil customers including SXL and Marathon, MPC. Others licensed with GERS are ANDE, GPRE, BIOF, and many more.
GERS has over 2.5 BILLION gallons of production under their patent license.
http://www.greenshift.com/photos/phpslideshow.php?directory=sunoco&mode=1
Slide show of GERS technology in SXL's refinery.
http://www.greenshift.com/news.php?id=279
GreenShift Licenses Its Patented Corn Oil Extraction Process to Sunoco
Technology Produces Feedstock for Biodiesel, Second Renewable Fuel from Sunoco’s Green E15 Manufacturing Facility in Fulton, New York
On Friday June 24, 2011, 1:42 pm EDT
NEW YORK--(BUSINESS WIRE)-- GreenShift Corporation (OTCQB: GERS) announced today that it has licensed its patented technology to Sunoco for extraction of corn oil from a co-product of Sunoco’s corn ethanol manufacturing facility in Fulton, New York. The recovered corn oil is a valuable raw material for use in the manufacturing of biodiesel and other carbon-neutral products.
Designated an ‘advanced technology’ by the U.S. Environmental Protection Agency, GreenShift’s patented corn oil extraction is proven to improve the profitability, energy efficiency and carbon footprint of ethanol plants. GreenShift’s extraction process gives Sunoco the exciting ability to contribute to the production of a second renewable fuel (biodiesel) from every kernel of corn that is refined into ethanol. One kernel of corn can now produce two renewable fuels using GreenShift’s proprietary process.
Sunoco additionally awarded GreenShift the construction project to design and install the equipment.
“We selected GreenShift to be our technology provider after extensive review,” added Gary Center, Fulton ethanol facility manager at Sunoco. “The ability to extract corn oil to sell to third parties will provide a positive economic impact at the plant.”
“GreenShift is very pleased to be working with Sunoco; throughout the entire process Sunoco demanded the very best, and we are pleased that we were able to deliver,” added Edward Carroll, GreenShift’s President.
About Sunoco, Inc.
Sunoco is a leading transportation fuel provider with operations located primarily in the East Coast and Midwest regions of the United States. The company sells transportation fuels through more than 4,900 branded retail locations in 23 states. APlus convenience stores are operated by the company or independent dealers in more than 600 retail locations. The retail network in the Northeast is principally supplied by Sunoco-owned refineries with a combined crude oil processing capacity of 505,000 barrels per day. Sunoco is also the General Partner and has a 31-percent interest in Sunoco Logistics Partners, L.P., a publicly traded master limited partnership which owns and operates 7,600 miles of refined product and crude oil pipelines and approximately 40 active product terminals. Through SunCoke Energy, Sunoco makes high-quality metallurgical-grade coke for major steel manufacturers. The company's facilities in the U.S. have the capacity to manufacture approximately 3.7 million tons of metallurgical-grade coke annually. Sunoco also is the operator of, and has an equity interest in, a 1.7 million tons-per-year coke-making facility in Vitória, Brazil.
About GreenShift Corporation
GreenShift Corporation (OTCQB: GERS) develops and commercializes clean technologies that facilitate the more efficient use of natural resources. GreenShift is focused on doing so today in the U.S. ethanol industry, where GreenShift innovates and offers technologies that improve the profitability of licensed ethanol producers. Additional information on GreenShift and its technologies is available online at www.greenshift.com.
Good Luck To All!$!$!$!$!$!$
Slashnuts
11 years ago
GERS Patented Technology In SXL's Refinery
Here's a fact, SXL is licensed with Greenshift, GERS, and paying a royalty on every gallon of oil extracted with Greenshift's technology. GERS is a profitable penny stock with several big oil customers including SXL and Marathon, MPC. Others licensed with GERS are ANDE, GPRE, BIOF, and many more.
GERS has over 2.5 BILLION gallons of production under their patent license.
http://www.greenshift.com/photos/phpslideshow.php?directory=sunoco&mode=1
Slide show of GERS technology in SXL's refinery.
http://www.greenshift.com/news.php?id=279
GreenShift Licenses Its Patented Corn Oil Extraction Process to Sunoco
Technology Produces Feedstock for Biodiesel, Second Renewable Fuel from Sunoco’s Green E15 Manufacturing Facility in Fulton, New York
On Friday June 24, 2011, 1:42 pm EDT
NEW YORK--(BUSINESS WIRE)-- GreenShift Corporation (OTCQB: GERS) announced today that it has licensed its patented technology to Sunoco for extraction of corn oil from a co-product of Sunoco’s corn ethanol manufacturing facility in Fulton, New York. The recovered corn oil is a valuable raw material for use in the manufacturing of biodiesel and other carbon-neutral products.
Designated an ‘advanced technology’ by the U.S. Environmental Protection Agency, GreenShift’s patented corn oil extraction is proven to improve the profitability, energy efficiency and carbon footprint of ethanol plants. GreenShift’s extraction process gives Sunoco the exciting ability to contribute to the production of a second renewable fuel (biodiesel) from every kernel of corn that is refined into ethanol. One kernel of corn can now produce two renewable fuels using GreenShift’s proprietary process.
Sunoco additionally awarded GreenShift the construction project to design and install the equipment.
“We selected GreenShift to be our technology provider after extensive review,” added Gary Center, Fulton ethanol facility manager at Sunoco. “The ability to extract corn oil to sell to third parties will provide a positive economic impact at the plant.”
“GreenShift is very pleased to be working with Sunoco; throughout the entire process Sunoco demanded the very best, and we are pleased that we were able to deliver,” added Edward Carroll, GreenShift’s President.
About Sunoco, Inc.
Sunoco is a leading transportation fuel provider with operations located primarily in the East Coast and Midwest regions of the United States. The company sells transportation fuels through more than 4,900 branded retail locations in 23 states. APlus convenience stores are operated by the company or independent dealers in more than 600 retail locations. The retail network in the Northeast is principally supplied by Sunoco-owned refineries with a combined crude oil processing capacity of 505,000 barrels per day. Sunoco is also the General Partner and has a 31-percent interest in Sunoco Logistics Partners, L.P., a publicly traded master limited partnership which owns and operates 7,600 miles of refined product and crude oil pipelines and approximately 40 active product terminals. Through SunCoke Energy, Sunoco makes high-quality metallurgical-grade coke for major steel manufacturers. The company's facilities in the U.S. have the capacity to manufacture approximately 3.7 million tons of metallurgical-grade coke annually. Sunoco also is the operator of, and has an equity interest in, a 1.7 million tons-per-year coke-making facility in Vitória, Brazil.
About GreenShift Corporation
GreenShift Corporation (OTCQB: GERS) develops and commercializes clean technologies that facilitate the more efficient use of natural resources. GreenShift is focused on doing so today in the U.S. ethanol industry, where GreenShift innovates and offers technologies that improve the profitability of licensed ethanol producers. Additional information on GreenShift and its technologies is available online at www.greenshift.com.
Good Luck To All!$!$!$!$!$!$
OilStockReport
12 years ago
Some recent due diligence I have collected.
Sunoco Logistics Partners LP Co has a market cap of $3.42 billion with a price to earnings ratio of 13.70. For a 52-week period its trading range has been $73.19 to $100.00. It is currently trading at around $99. The company reported second-quarter earnings 2011 as $2.43 billion, an increase from first-quarter earnings of $2.26 billion. Second-quarter net income was $94 million, a substantial increase from first-quarter net income of $48 million. The company is achieving quarterly revenue growth of 51.70%, currently has no return on equity and pays a dividend with a yield of 5.10%.
One of Sunoco Logistics’ closest competitors is Plains All American Pipeline L.P. (PAA). Plains All American Pipeline is currently trading at around $65. It has a market cap of $9.76 billion and a price to earnings ratio of 21.67. It has quarterly revenue growth of 44.70%, a return on equity of 12.83%, and pays a dividend with a yield of 6.00%. Based on these performance indicators, both companies are performing on par, although it is noted that Sunoco Logistics does not currently have a return on equity.
Sunoco Logistics’ cash position has improved: Its second-quarter 2011 balance sheet showed $6 million in cash, an increase from $2 million in the first quarter. Sunoco Logistics’ quarterly revenue growth of 51.70%, versus the industry average of 12.50%, and no return on equity, versus an industry average of 11.30%, indicates that the company is outperforming many of its peers.
The earnings outlook for the Oil and Gas Pipeline industry overall is quite positive and this is being driven by the high demand for oil and gas. When this is combined with the devalued US dollar and better than expected manufacturing sector results, it bodes well for oil and gas suppliers such as Sunoco Logistics.
Based on the positive industry outlook in conjunction with Sunoco Logistics’ increased earnings, substantial increase in net income, solid performance indicators and attractive dividend, I rate the company as a buy.
OilStockReport
13 years ago
Update!
PHILADELPHIA--(BUSINESS WIRE)-- Sunoco Logistics Partners L.P. (NYSE:SXL - News) today announced that it had a successful open season for Project Mariner West. Sunoco Logistics received binding commitments that enable the project to proceed as designed with an initial capacity to transport approximately 50,000 barrels per day and the ability to expand to support higher volumes as needed.
Mariner West is a pipeline project developed jointly by Sunoco Logistics and MarkWest Liberty Midstream & Resources, LLC, a partnership between MarkWest Energy Partners, L.P. (NYSE:MWE - News) and The Energy & Minerals Group. The project will deliver ethane from the liquid-rich Marcellus Shale processing and fractionation areas in Western Pennsylvania to the Sarnia, Ontario petrochemical market.
Together with Mariner East, a previously announced Sunoco Logistics/MarkWest Liberty pipeline and marine project developed to transport ethane produced in the Marcellus to the US Gulf Coast and International markets, these projects provide Marcellus producers with a comprehensive ethane takeaway solution for the Marcellus Shale basin.
“We are pleased to announce a successful open season for Mariner West,” said Lynn L. Elsenhans, chairman and chief executive officer. “We received binding commitments that enable this project to move forward. The project is underway and is scheduled to be operational by July 2013. In addition, we look forward to continuing to work on the Mariner East project and expand our relationship with MarkWest Liberty. We believe our existing infrastructure and the ability to reach multiple market destinations provide a cost-efficient and flexible solution to transport additional Marcellus Shale ethane production.”
OilStockReport
13 years ago
Good yields here.
Sunoco Logistics Partners (SXL): Sunoco Logistics recently bought Eagle Point tank farm from Sunoco, Inc. (SUN). As of the July 1st close, Sunoco had a market cap of $2.86 billion. P/E is 9.24, whereas forward P/E is 15.5. The company had an EPS growth of 31.78% during the last five years, while earnings increased by 44.20% this year. Although the profit margin is thin (4.22%), the company offers a satisfactory dividend of 5.54%.
Since October, 2008, Sunoco has been doing all right. The company's debt-to-assets ratio has been going down for the last five quarters straight. Yields are impressive. P/S is 0.3. Insiders own 30.22% of the company. Analysts give a 2.80 recommendation for the company (1=Buy, 5=Sell).
OilStockReport
13 years ago
Break down of SXL's profits.
Let's break this down
In this series, we measure how swiftly a company turns cash into goods or services and back into cash. We'll use a quick, relatively foolproof metric known as the cash conversion cycle, or CCC for short.
Why does the CCC matter? The less time it takes a firm to convert outgoing cash into incoming cash, the more powerful and flexible its profit engine is. The less money tied up in inventory and accounts receivable, the more available to grow the company, pay investors, or both.
To calculate the cash conversion cycle, add days inventory outstanding (DIO) to days sales outstanding (DSO), then subtract days payable outstanding (DPO). Like golf, the lower your score here, the better.
Here's the CCC for Sunoco Logistics Partners, alongside comparable figures from a few competitors and peers.
OilStockReport
13 years ago
Pipeline Stake.
DOW JONES NEWSWIRES
Sunoco Logistics Partners L.P. (SXL) acquired a controlling interest in Inland Corp., a fuel transporter, for about $100 million.
Inland consists of a 350-mile refined-products pipeline and related facilities that supply multiple Ohio refineries and terminal markets.
"The Inland operations are an excellent complement to our existing refined products platform in the Midwest," said Chairman and Chief Executive Lynn L. Elsenhans. "This acquisition is in-line with our goal of growing ratable, fee-based cash flow."
Through a series of transactions, Sunoco Logistics now owns an 83.8% economic stake and a 70% voting interest in Inland. Details of the transactions and the seller weren't disclosed.
Buckeye Partners LP (BPL) said in March it bought BP PLC's (BP, BP.LN) 50% interest in Inland as part of a larger deal that included 33 refined petroleum products terminals with a total storage capacity of more than 10 million barrels and about 1,00 miles of pipeline.
Sunoco Logistics, a pipeline company, reported in April its first quarter profit rose 12% on a 34% revenue increase, reflecting strong demand for west Texas crude oil.
Shares slipped 42 cents to $81.66 in recent trading. The stock has risen 25% over the past year.
OilStockReport
13 years ago
Crude oil pipelines and terminals operator Sunoco Logistics Partners L.P. (SXL) announced weaker-than-expected first-quarter 2011 results, adversely affected by soft performance from its ‘Refined Products Pipeline System’ segment on the back of significant unplanned refinery outages and lower demand across the system. The partnership’s diluted earnings per unit (“EPU”) came in at $1.08, below the Zacks Consensus Estimate of $1.31.
However, compared to the year-earlier period, Sunoco Logistics’ earnings per unit rose 1.9% (from $1.06 to $1.08) due to strong contributions from the crude pipeline system and terminals facilities. Revenues of $2,260.0 million were up 33.9% from the first quarter 2010 and also beat our projection by 5.8%.
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ValueInvestor15
7 years ago
hotrod34racer
12 years ago
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