Energy Transfer 控制的 Sunoco 对 NuStar Energy 的收购扩大了大型燃料分销业务的规模，同时也将 Sunoco 扩展到在二叠纪盆地拥有强大影响力的原油中游领域。

Sunoco 于 1 月 22 日同意以价值 73 亿美元（含债务）的全股权交易收购 NuStar。这笔交易对 NuStar 的定价接近 30 亿美元（不包括债务）。

世邦魏理仕投资管理公司投资组合经理 Hinds Howard 表示，由于 NuStar 拥有规模庞大的原油业务，MLP 合并似乎让母公司 Energy Transfer 决定将 Sunoco（包括 NuStar）纳入 MLP 的持续整合中只是时间问题。 。

Energy Transfer-controlled Sunoco’s acquisition of NuStar Energy expands the large fuel distribution business with greater scale, but also branches out Sunoco into the crude oil midstream space with a strong Permian Basin footprint.

Sunoco agreed Jan. 22 to acquire NuStar in an all-equity deal valued at $7.3 billion with debt. The deal prices NuStar at nearly $3 billion, not counting debt.

Because of NuStar’s sizable crude oil business, the MLP merger seemingly makes it only a matter time before parent Energy Transfer decides to roll up Sunoco, including NuStar, in the continued consolidation of MLPs, said Hinds Howard, portfolio manager at CBRE Investment Management.