Seeking Alpha

Citi sees upside for refiners Valero, Phillips 66, Marathon Petroleum

  • Now that Valero Energy (VLO +0.3%), Phiilips 66 (PSX -0.1%) and Marathon Petroleum (MPC +0.4%) have reported earnings (I, II, III), Citigroup believes all three of the big refiners offer upside from current levels.
  • The firm believes all three are equally well positioned to grow their midstream assets; MPC and PSX have their midstream assets positioned in the U.S. while VLO has some assets out of the U.S. which are less attractive from an MLP perspective.
  • From a refining perspective, VLO and MPC are best suited to capture the advantage from growing U.S. crude production; VLO remains its preferred name in the space.
Comments (2)
  • Jbacle
    , contributor
    Comments (16) | Send Message
    Why is Holly Frontier (HFC) not included in this group?
    1 Feb, 01:26 PM Reply Like
    , contributor
    Comments (2417) | Send Message


    Unfortunately HFC is considered a tier 2 refiner


    I long HFC.


    1 Feb, 07:16 PM Reply Like
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