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PSXP - Phillips 66 Is Blinking At Some Profit Taking
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 world's largest downstream oil corporations in this "refiners" segment.
For the investors interested in this particular segment, I recommend following the VanEck Vectors Oil Refiners ETF (CRAK), which has underperformed slightly the three refiners that I am regularly analyzing on Seeking Alpha.
The refining and marketing sector is a significant division of the oil industry, and holding at least one of those three US refiners in your long-term portfolio is highly recommended.