Phillips 66 (PSX) plans to raise as much as $400M in an IPO next year for units in a master...

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Dividend Garden Comments (235)
 
I do not like the idea of forming this MLP. What I liked about PSX is the pipeline exposure without the tax mess of investing with an MLP.
13 Dec 2012, 09:11 AM Reply Like

zorro2828 Comments (278)
 
As a Canadian.. I love the idea.. the tax implications are not a concern and judging by how the current management has been driving the stock higher and higher, I expect them to use the funds in a very accretive manner.. Always look to what the funds are being used for, and in this case, I am positive they will put the funds to work in a most efficacious manner.. The stock will be higher by days end, as the market realizes management is going to have a nice piece of change to invest for its shareholders
13 Dec 2012, 09:31 AM Reply Like

chopchop0 Comments (1648)
 
Wondering how this will impact current PSX shareholders. I wonder if it's prudent to just buy the MLP along with holding these shares next year.

I do agree with zorro2828 than management has been excellent for shareholders.
13 Dec 2012, 10:45 AM Reply Like

Derek A. Barrett Comments (2950)
 
Would love to see PSX start dominating the transportation market
14 Dec 2012, 02:22 AM Reply Like

zorro2828 Comments (278)
 
an annuity.. just keeps payin in good and bad times.. smart move if they do!
21 Feb, 02:20 PM Reply Like