In quite a significant shift, Phillips 66 (PSX 0.13%) 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 (EPD -0.03%) and Kinder Morgan (KMI 0.06%), but there could be plenty of business to go around.
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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.
