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  • Phillips (PSX +5.1%) jumps higher after Warren Buffett says he bought a stake in the company. [View news story]
    Glad to hear - have 500 shares for the long haul at present time.
    Jul 14, 2012. 01:04 PM | Likes Like |Link to Comment
  • Phillips 66 (PSX) is ordering 2,000 rail cars to transport up to 120K bbl/day of crude from the North Dakota oilfields to its refineries on the east and west coasts of the U.S., CEO Greg Garland tells FT. Moving oil by rail is generally more expensive than using a pipeline, but Garland doesn't expect any new pipes built to connect North Dakota to  coastal refineries anytime soon.  [View news story]
    That's called capitalism. Everyone has the right to make money. Wished I had the right connections... Everything seems to "run around" politics. ALL politicians are out to better themselves - NOT the people that elected them, and whom they are suppose to represent. I've thought this country has been going towards socialism for years. Much more evident today - seeing is believing!
    Jun 8, 2012. 01:29 PM | Likes Like |Link to Comment
  • ETF U.S. Natural Gas (UNG +3.6%) jumps as noted energy analyst Stephen Schork says he's less bearish. A CFTC report showed Chesapeake (CHK) and ConocoPhillips (COP) are now net long on nat gas, which signals they're unwilling to sell future product at current price levels and would rather buy product in the future vs. produce it.  [View news story]
    I believe that's what the spinoff was about forming PSX.
    May 1, 2012. 12:32 PM | Likes Like |Link to Comment