PSX - Phillips 66 launches open season for Seminoe Pipeline expansion

Phillips 66 ( NYSE: PSX ) announced on Friday a binding expansion open season on its Seminoe Pipeline system to solicit shipper commitments for services from Billings, Montana, to Casper, Wyoming.

The expansion includes new takeaway capacity of 5,800 barrels per day on Seminoe Pipeline with origination stations in Billings to destination at Casper, with the higher capacity expected to be available during Q2 2023.

Phillips 66 ( PSX ) offers "attractive long-term prospects for dividend growth," and shares are "trading at a reasonable 8x forward earnings multiple," On The Pulse writes in a bullish analysis published on Seeking Alpha .

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