Independent Refiner Sunoco Focusing on Existing Assets in Volatile Market, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) — Independent refiner Sunoco Incorporated (NYSE:SUN) (Philadelphia, Pennsylvania) has been feeling the effects of a weakening economy and record-high crude oil prices this year, President and CEO Lynn Elsenhans said October 1 in New York at the Merrill Lynch Global Energy Mid and Small Cap Conference. “We didn’t see the normal strength in the driving season happen in the northeast that happened in 2006 and 2007 and, frankly, for most of the 28 years that I’ve been in this business,” she said.
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SOURCE: Industrial Info Resources