Why Buffett Keeps Loading Up On Phillips 66 |
| January 22, 2016 | January 2016 Bond Updates |
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The casual observer may conclude from Buffett’s continued buying of Phillips 66 (NYSE:PSX) he is bullish on oil, but that’s not necessarily the case.
Phillips 66 is primarily a refiner with 14 facilities. Together these produce in excess of 2 million barrels every day. In addition the company owns a chemical joint venture, CPChem, 60-plus natural gas processing facilities and 62,000 miles of pipeline. |
| View more at: http://www.forbes.com/sites/gurufocus/2016/01/21/why-buffett-keeps-loading-up-on-phillips-66/ |
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