When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
PSXP - Phillips 66: An Oil Refiner Worth Holding For A Long While
Phillips 66 Partners LP representing limited partner interest in the Partnership
Source: The Street/Bloomberg
Investment Thesis
Houston, Texas-based Phillips 66 (PSX) is one of the selected refiners that I consider perfectly adapted to an investment for the long term. I own Valero Energy (VLO), but I believe Phillips 66 is very comparable and presents the same surety that is required.
However, with the recent Black Swan event, the whole edifice has been tremendously shaking and is still trembling as we speak. The repercussions of this catastrophic event have yet to be felt in their entirety in the global economy.