The Second Biggest Energy Company in the U.S. Changes its Tune

In quite a significant shift, Phillips 66 (NYSE: PSX  ) will begin concentrating more on its midstream activities as opposed to its more well known downstream refining business. Two key areas of focus will be liquified petroleum gas exports-think butane and propane-and NGL fractionation. It might encounter some significant competition from Enterprise Product Partners (NYSE: EPD  ) and Kinder Morgan (NYSE: KMI  ) , but there could be plenty of business to go around.

Warren Buffett is a fan of Phillips 66, but what else can we learn?

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This segment is from Tuesday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.


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Related Tickers

10/21/2014 4:04 PM
EPD $38.40 Up +0.33 +0.87%
Enterprise Product… CAPS Rating: *****
KMI $38.31 Up +0.74 +1.97%
Kinder Morgan CAPS Rating: *****
PSX $76.81 Up +4.46 +6.16%
Phillips 66 CAPS Rating: *****

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