Why These Energy Stocks are Gaining This Week

8. Sunoco LP (NYSE:SUN)

Share Price Gains Between Oct. 10 and Oct. 17: 9.33%

Sunoco LP (NYSE:SUN) is a leading operator of critical energy infrastructure and the largest independent fuel distributor in North America.

Sunoco LP (NYSE:SUN) shot up this week after it was reported that the company’s proposed takeover of fuel retailer and refiner, Parkland, has been approved by the Canadian government. The ~$9.1 billion deal is expected to significantly expand Sunoco LP’s (NYSE:SUN) footprint in Canada and solidify its position in the fuel distribution market across North America. First announced earlier this year, the transaction is expected to close in Q4 2025, subject to remaining regulatory approvals.