PSXP News and Press, Phillips 66 Partners LP representing limited partner interest in the Partnership From 07/14/20

Investors in Phillips 66 Partners LP ( PSXP ) have had a rough ride with shares losing nearly 40% of their value over the past year. Unfortunately, things have continued to get worse with shares losing 28% of their value just in the past month as investors process news that the Dakota Access P...

Introduction When news regarding the court ruling against the Dakota Access Pipeline came out last week, the unit price of Phillips 66 Partners ( PSXP ) fell around 17% in a single trading session. Despite staging a slight recovery in the following trading sessions, this has still pushed...

Midstream struggled in an otherwise strong week for the market, hurt by a court decision that rocked the Bakken while not offering much confidence for any midstream company seeking to develop energy infrastructure going forward. While the stock market grinded higher, led by growth stocks, util...

Pipeline giant  Energy Transfer   (NYSE: ET) got another dose of bad news this week. A U.S. district court judge  ordered  the company to temporarily shut down and drain its Dakota Access Pipeline (DAPL) by August 5th, pending the outcome of an environmental review....

On July 6th a US district court ordered the Dakota Access Pipeline (DAPL) to shut down by August 6th, pending further environmental review. This sent the share prices of affected companies Energy Transfer ( ET ), Continental ( CLR ), Phillips 66 Partners ( PSXP ) and others down substantia...

The U.S. District Court for the District of Columbia denies an initial request by owners of the Dakota Access Pipeline that asked the court to reconsider its order to shut and empty the 570K bbl/day line by Aug. 5. More news on: Energy Transfer LP, Phillips 66 Partners LP, ONEOK, Inc., E...

( Pixbay ) Just as midstream MLPs were finally reaching a point of stability , COVID-19 swept in and decimated the U.S rig count, causing many midstream MLPs to lose over half of their value. ETFs like the Global X MLP ( MLPA ) saw a net decline around 60% and it still down over 40% YTD: ...

While holiday weekends are normally quiet, Dominion Energy (D) made a splash on Sunday by announcing the sale of natural gas infrastructure to Berkshire Hathaway (BRK.A) (BRK.B) in a deal valued near $10 billion and simultaneously cancelling the embattled Atlantic Coast Pipeline ((ACP)) ...

Pipeline stocks are getting pulverized today. Several were down more than 10% by 12:30 p.m. EDT on Monday, including Energy Transfer (NYSE: ET) , Phillips 66 Partners (NYSE: PSXP) , ONEOK (NYSE: OKE) , and Crestwood Equity Partners (NYSE: CEQP) . Driving down shares of these pipeline...

Gainers:  Ayro (NASDAQ: AYRO )  +102% . More news on: Ayro, Inc., Electrameccanica Vehicles Corp., LM Funding America, Inc., Stocks on the move, , Read more ...