PSXP News and Press, Phillips 66 Partners LP representing limited partner interest in the Partnership From 04/07/20

March is the final month where we will see dividends from companies like Apple Hospitality REIT ( APLE ) that have paid monthly ever since the inception of this portfolio. Under normal circumstances, we would need to evaluate whether or not we should continue to hold a company like APLE becaus...

On the back of the best week for oil prices in recorded history, midstream traded up and outperformed the S&P 500 and utilities. MLPs ((AMZ)) outperformed broader midstream ((AMNA)) this week after trailing last week and last month and last year. Oil prices spiked on enthusiasm over a tw...

In recent weeks, we have discussed the stability of MLP/midstream cash flows at length by highlighting their underlying fee-based contracts with built-in protections ( read more ). Protections for the pipeline provider include minimum volume commitments (MVCs), which are intended precisely for...

The government's $2 trillion emergency relief package caused shares to skyrocket this week; however, the helicopter-Ben style package may inadequately address mid-term economic instability. If so, then this week's rapid run-up could be a short-term sugar high that wears off in April once disma...

Investing opportunities are looking extremely attractive but we are all asking the question "how far down can it go?" Anyone who claims they have the answer either thinks too highly of their own opinion or they have a crystal ball that I would love to get ahold of. The deals are beginning to l...

Refiners Valero Energy ( VLO +8.8% ), Phillips 66 ( PSX +4% ) and HollyFrontier ( HFC +9.4% ) are upgraded to Buy from Hold at Jefferies, which sees attractive opportunities given the companies' strong balance sheets and deep liquidity positions. More news on: Valero Energy Corporati...

The market meltdown from the global impact of the COVID-19 outbreak has forced companies to alter their plans dramatically. The energy sector has been among those walloped by the pandemic. Not only has it impacted oil demand, but a supply shock also blindsided the industry after OPEC's market s...

Phillips 66 (NYSE: PSX ) says it is cutting its 2020 planned capital spending by $700M , or ~18%, to $3.1B and is suspending stock buybacks. More news on: Phillips 66, Phillips 66 Partners LP, Energy stocks news, Read more ...

Gainers: Bellerophon Therapeutics (NASDAQ: BLPH ) +407% . More news on: Bellerophon Therapeutics, Inc., Hepion Pharmaceuticals, Inc., Penn National Gaming, Inc., Stocks on the move, , Read more ...

By Stacey Morris With MLP index yields at all-time highs, several management teams are utilizing this downturn as a buying opportunity, reflecting confidence in their underlying businesses. Today's short post details recent insider purchases across midstream. Despite the fee-based nature...