Phillips 66 (NYSE:PSX)

jc09058 (59.71) Submitted: 5/6/2012 11:15:12 AM : Start Price: $29.34 PSX Score: +100.78

Here we are with a spin-off company who had a decent history when it was independent. Now we have a new and improved version that has some interesting potential. Yes, it refines oil but there's a little more behind this company. High end chemical developer and a mid stream business make for nice optional extra to add to the bottom line and to grow the business.It's cheap now because of the traditional unloading of spin offs which is fine by me. I will always be happier to buy cheaper when in this case I see a nice potential for serious growth in the near term. This is one time when the sum of the parts was greater than the whole but between ConocoPhillips and Phillips 66, I expect Phillips 66 to provide the better return over the near future time.That’s because it’s being valued as an oil refiner. It’s more than that. It receives 40% of its profit from high-return chemical and midstream businesses, ISI Group energy analyst Doug Terreson told Barron’s.