PSX News and Press, Phillips 66 From 04/11/22

Oil stocks (XLE) tumbled along with oil (USO) and the market (SPY) Monday, as China lockdowns and SPR supply took their toll on the commodity. UBS strategist Giovanni Staunovo noted that the Swiss bank lowered its June Brent oil (CO1:COM) forecast by $10/b to $115/b. While Bank of Americ...

If you can recognize an emerging trading pattern, you can set up to take advantage. I compare 2 tech stocks of the trillion-dollar club to smaller tech names and see something very interesting. The non-Mega-Caps look like they have bottomed. I am pleased with how the energy names ...

The Biden administration on Thursday rescinded waivers that had been granted to 31 refineries from U.S. biofuel blending requirements for the 2018 compliance year, but said it will not require the facilities to buy RIN compliance credits to fulfill the quotas, Bloomberg reports. The Environme...

Focus on expanding capacity into the renewable fuels system. Sinclair acquisition to be priced in. Dividend reinstatment and a better spread due to GEO footprint. For further details see: HF Sinclair Vs. Phillips 66: The Story Continued

Phillips 66 (NYSE: PSX) announced today the commencement of offers to exchange (collectively, the “Exchange Offers”) any and all validly tendered (and not validly withdrawn) and accepted notes of the seven series of notes described in the table below (collectively, the &#x...

November-December 2021, Kiplinger, and Barron's reporters combined to list ten sets of stocks sorted as "Best-Bets for 2022". Those ten "Best-Bets" articles revealed 123 equities, with 88 paying-dividends. Article titles were, '12 Best REITs'; '22 Best Stocks; '12 Best Materials'; '12...

It has been reported that the White House is seeking ways to increase Canadian oil imports; however, the administration does not want to resurrect the Keystone XL pipeline, according to Wall Street Journal sources. Setting aside the pipeline cost / benefits debate, there are some likely benef...

Lower P/E and better dividend yield compared to HF Sinclair. HF Sinclair has less scale compared to Phillips 66 operations. MACRO to MICRO reasons why we are positive to the sector. For further details see: Phillips 66 Vs. HF Sinclair: We See A Champion

Industry-changing technologies can take years or even decades to standardize, and many battles can be waged until a clear victor emerges. One such battle is currently taking place in the EV industry as companies debate the best way to power the cars of the future. NIO (NYSE:NIO), one of China...

Update: In another sign of impending distillate fuel shortages, jet fuel traded at ~$320/b in New York Monday ($7.61/g), a ~$200+ premium to crude feedstock prices. The jet fuel premium is ~10x larger than any premium seen in the past ~30yrs. Par Pacific (PARR) has the most exposure to d...