Seeking Alpha

Susser Petroleum Partners cut to Hold from Buy at Benchmark

  • Susser Petroleum Partners (SUSP -1%) is downgraded to Hold from Buy with a $47 price target at Benchmark, as it is still unclear as to how much SUSP will pay for the assets of Susser Holdings and Sunoco retail and wholesale operations.
  • The analysts are concerned that with Energy Transfer Partners (ETP +0.9%) gaining control of SUSP, value could be transferred from SUSP unit holders to ETP unit holders, if ETP charges too much for the assets SUSP will acquire.
  • SUSS +0.5%.
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Comments (1)
  • Plaintalk
    , contributor
    Comments (124) | Send Message
     
    Analysis was done. The two companies came to an agreement. Are we going to hear that Susser sold 10% more Twinkies and the price should be raised like in the Linn deal? Damn the torpedoes and do the deal. To hell with the NY lawyers who don't work on Saturday who will now go out looking for a Plaintiff.
    4 Jun 2014, 05:40 PM Reply Like
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