Energy Transfer will become a wholly owned subsidiary of Sunoco Logistics. … Based on the Energy Transfer units outstanding, Sunoco Logistics issued approximately 845 million common units to Energy Transfer unitholders.
Is Sunoco part of energy transfer?
SUN’s general partner is owned by Energy Transfer Operating, L.P., a subsidiary of Energy Transfer LP (NYSE: ET). For more information, visit Sunoco LP. … The Partnership partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil.
Does ETP own Sunoco?
ETP made a strong entrance into the crude oil and refined products business by acquiring Sunoco, Inc., including interest in Sunoco Logistics Partners LP (NYSE: SXL).
What happened Energy Transfer Partners?
In October 2018, the company was renamed as Energy Operating L.P. after it was acquired by Energy Transfer Equity. In September 2019, the company acquired SemGroup for $5 billion.
What are 5 examples of energy transfer?
- A swinging pirate ship ride at a theme park. Kinetic energy is transferred into gravitational potential energy.
- A boat being accelerated by the force of the engine. The boat pushes through the water as chemical energy is transferred into kinetic energy.
- Bringing water to the boil in an electric kettle.
What does Energy Transfer LP?
Energy Transfer LP owns and operates a portfolio of energy assets. The Company engages in the operations such as transportation, storage and terminalling, crude oil, NGLs, refined products, and liquid natural gas. Energy Transfer serves customers in the United States.
What happened to Sunoco Logistics Partners LP?
Energy Transfer Partners LP on Wednesday approved a merger with its subsidiary. The combined company, headquartered in Dallas, will begin trading Monday under the ticker symbol “ETP.”
Who did Energy Transfer buy out?
Energy Transfer to buy Enable Midstream for $2.6 billion in natgas push. (Reuters) – Energy Transfer LP said on Wednesday it would buy Enable Midstream Partners to strengthen its natural gas transportation business as it faces a legal battle that could shut its Dakota Access crude pipeline.
Is Energy Transfer LP a good investment?
When paired with a high Zacks Rank, “A” grades in the Value category are among the strongest value stocks on the market today. One company value investors might notice is Energy Transfer LP (ET). ET is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 6.58 right now.
What does Sunoco LP do?
Sunoco LP is one of the largest independent fuel distributors in the United States, providing motor fuel to convenience stores, independent dealers, commercial customers and distributors in more than 33 states and growing.