Riverloft Capital’s Top Energy Picks Include Sunedison Inc (SUNE), Aegean Marine Petroleum Network Inc (ANW), & SunCoke Energy Inc (SXC)

Aegean Marine Petroleum Network Inc (NYSE:ANW) was represented in Riverloft Capital’s equity portfolio by a $5.31-million position, which contains 429,600 shares. The Greece-based small-cap company procures marine fuel from refineries, oil producers and other sources and then resells them. Aegean Marine Petroleum Network Inc (NYSE:ANW) delivers the product to the end user with the help of 53 bunkering vessels carrying approximately 323,000 deadweight tons. From the beginning of 2015, the stock of the company has already lost around 19.26%, underperforming the energy sector, which lost 9.46% during the same period. Such a drop in value has a lot to do with the Greece’s debt crisis, though Aegean’s management was smart enough to avoid any significant connections with local banks. The latest target price target from Sidotti stands at $18 on a ‘Buy’ rating. Among other shareholders, 12 West Capital Management, headed by Joel Ramin, held 3.79 million shares of Aegean Marine Petroleum Network Inc (NYSE:ANW) valued at $54.51 million at the end of June.

Finally, Riverloft Capital Management left its position in SunCoke Energy Inc (NYSE:SXC) unchanged over the second quarter at 350,000 shares valued at $4.55 million. Over the second quarter the stock of SunCoke Energy Inc (NYSE:SXC) lost around 33% and still hasn’t recovered. The earnings report turned out to be rather pessimistic, as the company missed both the top and the bottom lines estimates. SunCoke delivered a net loss of $0.04 per share, instead of expected profit of $0.05, and the revenue totalled $348.2 million, which is by $2.67 million smaller than the market wanted to see. On the bright side, the current correction opens up lucrative horizons for long positions as the mean target price today is $19 per share, which implies a significant upside potential. As of June 30, Mark Matthew’s Jet Capital Investors owned around 4.12 million shares of SunCoke at some $61.54 million.

Disclosure: None.