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PSXP - Phillips 66: With RSI At 16 The Stock Is A Clear-Cut Buy
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. It is a distinct group within the oil industry, which sometimes is not acting totally in correlation with the rest of the group.
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.
For investors interested in this particular segment, I recommend watching the VanEck Vectors Oil Refiners ETF (CRAK),