PSX News and Press, Phillips 66 From 10/13/20

The energy sector has been the worst-performing sector of the stock market so far this year, down 49%. Given that global demand for oil and refined products has fallen and oil and gas prices have plunged , some of this decline is justified. However, there's reason to believe that so...

At Oakmark, we are long-term investors. We attempt to identify growing businesses that are managed to benefit their shareholders. We will purchase stock in those businesses only when priced substantially below our estimate of intrinsic value. After purchase, we patiently wait for the gap ...

For savvy income investors, the first question that comes to mind when they see a stock with a dividend north of 6% is -- what are the risks? At times, those risks don't justify the high yields, presenting attractive buying opportunities. Let's take a look at three energy stocks -- Enbrid...

Black Bear Value Fund, LP is an opportunistic, concentrated and fundamental value investment partnership. Black Bear Value Fund, LP returned -22.3%, net, YTD. The S&P 500 returned 5.6% YTD, while the HFRI index returned -2.5%. We have added new investments in smaller-capitaliz...

Shares of top oil and gas companies Parsley Energy (NYSE: PE) , Kinder Morgan (NYSE: KMI) , and Phillips 66 (NYSE: PSX) tumbled more than 10% in September, according to data provided by S&P Global Market Intelligence . That was much worse than the S&P 5...

Offshore production facilities and onshore refineries are accelerating preparations for Hurricane Delta, which is forecast to intensify into a powerful, Category 3 storm as it crosses the Gulf of Mexico on its way to a likely Friday landfall in Louisiana.Oil producers have evacuated 183 offsh...

Indiscriminate selling in the energy sector has brought the once fairly valued names like PSX to being materially undervalued. PSX has a network of refining and midstream assets that are near impossible to replace. Environmental regulations make it practically impossible to replicate ...

Top oil and natural gas stocks are trading near multiyear lows. Investors' interest in the sector is at its lowest point in decades. Some believe that the era of these fossil fuels, just like that of coal, is coming to an end. Does that mean that you should get rid of your oil stocks? M...

It's hard to find a silver lining in the brutal fortunes of the Energy Select Sector SPDR ETF (XLE), which lost 20% over the the quarter, making it the biggest loser of the sector ETFs monitored by the Seeking Alpha ETF tracker.This came against the broader S&P 500 gaining ...

PSX has plunged 40% since early June, primarily due to the indiscriminate sell-off of the entire energy sector. PSX has become deeply undervalued, even in the worst-case scenario. The article provides a deep look in the valuation of PSX. For further details see: Phillips...