PSXP News and Press, Phillips 66 Partners LP representing limited partner interest in the Partnership From 03/07/21

Saudi Arabia's decision to keep its voluntary 1 million bpd cut, combined with OPEC's decisions to stand pat on production, has greatly improved the outlook for PSX. Combined with excellent progress on the vaccines and expanding chemical margins, the 2H recovery I was expecting for PS...

NuStar Energy ([[NS]] +2.3%) says it plans to develop incremental pipeline capacity that will allow for the delivery of ~6K bbl/day of additional refined products into the Albuquerque, N.M., region.In addition to increasing capacity on the system, NuStar will upgrade pump stations on a pipeli...

With only a single cut and a few additional names growing their dividends, the overall picture for dividends has continued to improve. For AMNA, a broad midstream composite index containing both MLPs and C-Corps, 37 of 38 dividend-paying names raised or maintained their dividends sequ...

Captive partnerships suffer from a basically free call option available to the general partner to "take them under" at low valuations. Noble Midstream is the latest casualty, Phillips 66 Partners could be next. Reading the tea leaves of a recent 13-D filing could mean a roll up. S...

Phillips 66 Partners ([[PSXP]] +2.4%) extends yesterday's gains after Phillips 66 ([[PSX]] -2%) said in a filing that it may seek a merger or other transaction including take-private deals for its MLP partner.PSXP is downgraded to Neutral from Buy with a $27 price target, cut from $32, at Miz...

Phillips 66 Partners LP (NYSE: PSXP) (“the Partnership”) has filed its annual report on Form 10-K for the fiscal year ended Dec. 31, 2020, with the Securities and Exchange Commission (SEC). The filing can be viewed through the “Investors” area of the Partners...

A new amended 13D filing indicates that Phillips 66 (PSX) may seek to do a transaction with Phillips 66 Partners (PSXP), including a merger, take-private other deal.Developing story: For further details see: Phillips 66 may seek takeover, other transaction with Phillips 66 Partners, fil...

An outright shutdown of the Dakota Access Pipeline is becoming more probable. Energy Transfer LP and Phillips 66 Partners LP have the most to lose from a Dakota Access shutdown. We're following the situation closely and will probably buy both after a shutdown. For further de...

The Taxable account generated $2,208.97 of dividends in January of 2021 compared with $1,047.41 of dividends in January of 2020. The Taxable account had a balance of $444,176.42 as of January 31st, 2021, vs. $433,812.23 on January 31st, 2020. The annualized cost basis yield is 4.68%. ...

It feels odd to write about an old-school oil refiner in an era of Tesla, Bitcoin, ESG, and renewable energy. But the fact is, the vast majority of the US car-and-truck fleet still runs on gasoline and diesel, and refiners are critical in supplying fuel. For Marathon, the biggest ...