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Replies to #81 on Sunoco LP (SUN)

Fibanotch

03/02/17 10:42 AM

#82 RE: ChrisJP #81

options

DrStockonomics

03/02/17 1:02 PM

#83 RE: ChrisJP #81

I think it will continue to be pretty volatile until they get their debt under control. Currently paying a great dividend of around 13% but lots of doubt about whether they can continue to pay out that much. If they cut the dividend substantially then I fear there will be a pretty big sell off. SUN was at $37 just a year ago but also dropped to $21 just 3 months ago so it has been on a roller coaster the past year. We shall see what happens with the dividend soon I would think.