PSX News and Press, Phillips 66 From 01/12/23

Summary IGA generated a strong yield and has been able to achieve its objective of generating stable current income. The average annual total return also is quite high. IGA invests in stocks in ICT, financial, industrial, and healthcare sectors. These sectors in my view have maximum gro...

Summary Income-producing energy stocks outperformed during the week’s violent commodity selloff. The strong performance came from attractive valuations and the sector’s positive outlook for 2023. MLPs outperformed after their selloff in December. Energy Incom...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Following a rough outing in 2022, investors seeking to make up for lost time may want to consider the best bargain stocks to buy in Jan. To be sure, plenty of headwinds exist, including historically high inflation and concerns ...

Summary The price of natural gas has crashed from its post-Ukraine invasion highs last spring. A relatively warm winter in Europe and booming U.S. natural gas production are the primary culprits. However, significant new LNG export capacity will be coming online and ramping up start...

Summary I significantly pruned my watchlist, removing a number of companies and adding in some high quality companies. I discuss my strategy of focusing on high quality companies and the mistakes I made including some cheap companies on previous watchlists. I name the top companies ...

Summary SPDV is an ETF holding five S&P 500 stocks in each sector in equal weight. Constituents are selected based on dividend yield and free cash flow. Valuation and dividend growth metrics look good. Quality and past performance are just average. This dividend ...

Summary PSX announced an agreement Friday to buy the remaining publicly held LP units in DCP Midstream for $41.75 each, raising Phillips 66's stake in DCP to 86.8%. The remaining economic interests in DCP are held by Enbridge, which owns 13.2% of the MLP's General Partner. PSX expec...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Anyone who’s been invested in DCP Midstream (NYSE: DCP ) is probably quite happy today. That’s because Phillips 66 (NYSE: PSX ) agreed to buy out DCP Midstream in an all-cash transaction later this year....

DCP Midstream ( NYSE: DCP ) +5.5% pre-market Friday after Phillips 66 ( NYSE: PSX ) said it agreed to buy all publicly held common units in the company for $41.75 each, raising Phillips' stake in DCP to 86.8%. Phillips 66 ( PSX ) said it plans to fund the ~$3.8B de...

Increases Phillips 66’s economic interest in DCP Midstream, LP to 86.8% Targeted operational and commercial synergies of at least $300 million All-cash transaction expected to close in the second quarter of 2023 Phillips 66 (NYSE: PSX) and DCP Midstream, LP (“DCP M...