New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 13, 2012
08:26 EDTSE, PSXPhillips 66 sees DCP Midstream to spend $5B-$7B on growth in 2011-15
DCP Midstream, the 50/50 joint venture of Phillips 66 (PSX) and Spectra Energy (SE), seen growing processing volume to about 6.0 bcf/d by 2015 from 5.4 bcf/d in 2011. Phillips 66 sees DCP Midstream adding 8 or more plants by 2015 and growing assets to over $15B from about $10B in 2011. Sees JV's NGL production growing to over 500 MBPD by 2015. Comments from slides for analyst day.
News For PSX;SE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 25, 2015
09:29 EDTPSXRefining stocks can outperform commodities within cycle, says Cowen
Subscribe for More Information
09:19 EDTPSXRefining sector price targets raised at Morgan Stanley
Morgan Stanley believes the market is underestimating US downstream earnings power. The firm expects US refining to re-rate, driven by relative valuations, secular tailwinds, and focus on shareholder returns. Morgan Stanley raised price targets on Valero (VLO) to $90 from $70, Tesoro (TSO) to $120 from $92, Phillips 66 (PSX) to $105 from $95, Western Refining (WNR) to $63 from $52, Delek US (DK) to $48 from $45, Marathon Petroleum (MPC) to $145 from $120, and PBF Energy (PBF) to $45 from $35.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use