Phillips 66 Partners: Positioned For Significant Growth [Seeking Alpha]
Phillips 66 Partners LP Common Units representing limited partner interest in the Partnership (PSXP)
Last phillips 66 partners lp common units representing limited partner interest in the partnership earnings: 5/1 07:20 am
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Source: Seeking Alpha
Phillips 66 Partners: Positioned For Significant Growth Summary The oil price environment remains uncertain, but the master limited partnership are facing a favorable business environment. Phillips 66 Partners will post higher levels of volumes in the future as its major projects such as Gray Oak pipeline and the marine export terminal are placed into service. Phillips 66 Partners reported earnings and DCF growth in Q1-2019 led by an increase in volumes, and this trend will continue in the future. PSXP Image: Phillips 66 Partners The price of crude oil remained choppy this year, with WTI climbing from around $45 a barrel at the start of 2019 to more than $66 in April but dropping to $51 this month and then climbing to $57 at the time of this writing. The wild swings have been fueled partly by the Sino-US trade war concerns. That’s also dragged a number of stocks lower, particularly energy stocks and those companies whose revenues or supply chain networks are linked with China. The ma
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