Phillips66: A Great Long-Term Investment In 'Shale USA' Despite Lower Oil Prices
- Phillips 66's future growth will be in Midstream and Chemicals, businesses that will thrive despite lower oil prices.
- Adjusted EBITDA growth in Midstream & Chemicals of an estimated ~$6.50+/share is expected by 2018.
- PSX is selling at a large discount to the S&P500 in terms of both P/E and dividend yield.
- PSX is a BUY as price volatility opportunities present themselves. Then hold it for the long-term.