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home / news releases / PSXP - Phillips 66 Is Blinking At Some Profit Taking


PSXP - Phillips 66 Is Blinking At Some Profit Taking

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.

The question is to choose

Read more ...

Stock Information

Company Name: Phillips 66 Partners LP representing limited partner interest in the Partnership
Stock Symbol: PSXP
Market: NYSE
Website: phillips66partners.com

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