Capitol Petroleum Group Sells Portfolio to Global Partners for $156M


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


Capitol Petroleum Group (CPG) announced the sale today of a large portion of its portfolio to Global Partners LP (NYSE: GLP). The $156 million deal includes 97 Mobil- and Exxon-branded retail gas stations and seven dealer supply contracts in New York City and Prince George's County, Md. The portfolio includes 51 retail locations and seven dealer supply accounts in New York City and 46 retail locations in the Maryland/Washington, D.C., market. In 2014, these assets sold approximately 125 million gallons of fuel. In New York, 45 of the locations are dealer-leased locations and six are commission agents, while in Maryland there are 41 dealer-leased locations and five commission agents. The Raymond James Convenience Store & See full press release

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsPress Releases