April 2, 2012:

Sunoco Inc.'s oil refinery in Philadelphia has at least four potential buyers, and ConocoPhillips has one, and possibly two, offers for its idled Trainer refinery, an oil analyst with an independent trade publication said Monday. "The entire dynamic of the U.S. East Coast markets may be about to change," said Tom Kloza, chief oil analyst with the Oil Price Information Service in a note to subscribers. Kloza said bids for the Sunoco plant were due Monday and "multiple sources" in refinery mergers and acquisitions have told him there were "at least four tenders" for Sunoco.

One of them is Radnor-based Preferred Energy L.L.C., which has put in a "substantial bid," and would continue to operate the 335,000 barrel-a-day complex as a refinery, said Preferred president and CEO Michael O'Neill.

By Philly.com