Philadelphia Energy Solutions, Inc (NYSE: PESC) is headquartered in Philadelphia, Pennsylvania, USA, with 1,140 full-time employees (3/31/2015). After this public offering , it will become a holding company, mainly through its two subsidiaries. Subsidiaries are engaged in petroleum refining and oil and gas transportation (transportation) services.
Philadelphia Energy Solutions (PESC):
Philadelphia Energy Solutions is mainly engaged in business through its two subsidiaries-Refining & Logistics.
The oil refining company is mainly engaged in the sale of refined oil in petroleum refining and petrochemicals, operating 190,000 bpd Girard Point facilities and 145,000 bpd Point Breeze on 1,300 acres of land. The Philadelphia Refining Company is the largest petroleum refining company in Pennsylvania and the 10th largest refining company in the United States.
The logistics company is mainly engaged in the transportation of oil and crude oil. Since January 1, 2015, the company’s new crude oil railway unloading terminal has been completed and put into use, which can load and unload 4 units of crude oil per day, with an immediate daily throughput of 280,000 barrels.
Philadelphia Energy Solutions (PESC) investment:
Philadelphia Energy Solutions submitted its IPO prospectus on February 17, 2015, and will log on to the NYSE for trading on August 6, 2015. The issue price is US$15-18, and it plans to issue 15.151515 shares (to death) to raise funds. 3.136363.5 billion US dollars, stock code: PESC.
Company official website: http://www.pes-companies.com/
American Stock Encyclopedia: https://www.thisyear.com/pesc.html