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PSXP - Phillips 66 Partners: Positioned For Significant Growth
Phillips 66 Partners LP representing limited partner interest in the Partnership
Phillips 66 Partners (PSXP) looks all set to post higher levels of earnings and distributable cash flows led by significant growth in pipeline and terminal volumes in the coming quarters. The Houston, Texas-based master limited partnership will likely continue growing distributions while maintaining its good financial health. I believe Phillips 66 Partners is a high-quality MLP that investors should consider buying.
Image: Phillips 66 Partners
The price of crude oil remained choppy this year, with WTI climbing from around $45 a barrel at the start of 2019 to more than $66 in April