Source: The Street/Bloomberg
Investment Thesis
Houston, Texas-based Phillips 66 (PSX) is one of the selected refiners that I consider perfectly adapted to an investment for the long term. I own Valero Energy (VLO), but I believe Phillips 66 is very comparable and presents the same surety that is required.
However, with the recent Black Swan event, the whole edifice has been tremendously shaking and is still trembling as we speak. The repercussions of this catastrophic event have yet to be felt in their entirety in the global economy.
It is challenging now to