This Underfollowed Stock Is Racing to Fix This $100 Million-a-Day Issue [The Motley Fool]
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: The Motley Fool
The company is taking a two-pronged approach to address this problem. A barrel of oil currently fetches just over $80 on the global market. Crude produced in the U.S., on the other hand, trades for about a $9-a-barrel discount to the global benchmark, with the gap even wider for those produced in the Permian Basin due to that region's pipeline issues . Given that the country is producing 11.1 million barrels per day (BPD) at the moment, this suggests that the U.S. oil industry is missing out on roughly $100 million each day . It's a problem that Phillips 66 Partners ( NYSE:PSXP ) is quickly working to fix by building out new infrastructure that will provide U.S. oil companies with more access to global markets. In doing so, this under-the-radar master limited partnership (MLP) will deliver high-octane growth for its investors, which could make them lots of money in the coming years. Image source: Getty Images. The Texas two-step This past April, Phill
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