Recently, we covered Global Partners LP (GLP) that yields 9.8% and how it has transitioned to a fuel distribution business model. We wanted to highlight another recession resistant fuel distribution company.
Company Overview
Sunoco LP (SUN) is a growth oriented company in the downstream energy sector. It is one of the largest wholesale fuel distribution and retail marketing platforms in the U.S. The company is based in Dallas, Texas, and operates across 30 states throughout the southeast, mid-Atlantic and northeast regions of the United States. It is structured as a master