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 Partners: Hamstrung By The IDRs
Phillips 66 Partners LP representing limited partner interest in the Partnership
Like nearly all names in the sector, Phillips 66's (PSX) MLP - Phillips 66 Partners (PSXP) - has been a severe under performer as compared to the broad S&P 500 and even the energy sector itself. MLPs have been out-of-favor for years now as investors in several high profile names have gotten burned and Wall Street analysts continue to question a business model in which many limited partners ("LP's") have to finance 100% of organic growth projects and drop downs only to receive less than 100% of the resulting distributable cash