Miller/Howard Investments, Inc. on SunocoCorp LLC
Thesis
Miller/Howard initiated a position in SunocoCorp based on its research into the company's exposure to the current oil-price environment. The firm believes SunocoCorp can be a beneficiary of those conditions. It also sees opportunities for the company to consolidate the gasoline distribution industry, providing an additional avenue for growth.
“We initiated a position in SunocoCorp (SUNC), as our research suggests it can be a beneficiary of the current oil price environment and has opportunities to consolidate the gasoline distribution industry for further growth.”