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With crude costs down and record domestic production, this latest incarnation of Phillips 66 should prosper. As a marketer of petroleum and petroleum based chemicals, lower feedstock prices can make a difference. Also, costs are lower here than at the majors and plant is cheap. Plenty of room for divd hikes too in this less capital intensive segment.
Epa ruling should help profits.
PSX threw off nearly $2 BILLION in free cash flow last quarter alone. That equates to just shy of $2 a share in cash in a single quarter!! Pretty impressive.... Their balance sheet is also really strong. $47BB of tangible assets versus $29BB in liabilities. And a small dividend to boot. It's hard to argue with those kind of results....
A near term peak in oil prices should benefit refiners and further oil price declines could result in a sustained rally. A nice way to short oil.
Solid downstream refiner/marketer of petroleum products in US. Low P/E, low debt and a dividend.
in about four days we will know if mgt. can walk the walk. They have done some good things getting ithe product to the refinery. If they could export more gasoline that would put them over. Good dividends, low P/e.
Rising Oil Prices....
Upcoming spinoff should be quite a stock catalyst.
Links to natural gas.
Whale Wisdom Heat Map
S&P ranks PSX as a 4 star stock:"We believe that current energy fundamentals benefit each of the company's three businesses.""We see PSX's Refining and Marketing segment benefiting from growing North American crude oil production, allowing it to capture feedstock advantages." "We also expect the high oil/gas ratio to continue to drive natural gas liquids (NGL) production, benefiting both its mid-stream and chemicals businesses.""We have a positive view of the company's recent announcement that it intends to form a master limited partnership to house some of its mid-stream assets."
There will be a growing demand for gasoline in both domestic and foreign markets. Phillips 66 not only has several refineries to meet this demand, it is in a position to change over to the relatively inexpensive domestic oil from foreign oil. This change alone should add significant profits.
Refiners have a monopoly on gas production. Due to requlation there is a virtual block to any new refineries or even expansion of existing ones leaving them without competition. Limited production of gasoline keeps prices high and as oil prices come down due to domestic production increases the spread of input costs to output prices increases. These are all money makers and should be added to your porfolio on any dips.
Been owning since October of last year. Stock has doubled since its IPO. Company is set to profit from US oil production. Dividend payment has been increased 3 times already.
Most of the independent research providers are bulish on this: score 9 out of 10
Multi-daceted company - pipelines, chemicals, refining with access to balkan shale
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