Top Transportation Companies To Watch In Right Now

Top Transportation Companies To Watch In Right Now: Phillips 66 Partners LP (PSXP)

Phillips 66 Partners LP, incorporated on February 20, 2013, owns, operates, develops and acquires primarily fee-based crude oil, refined petroleum product and natural gas liquids (NGL) pipelines and terminals and other transportation and midstream assets. The Companys initial assets consist of the three systems, which include Clifton Ridge crude system, Sweeny to Pasadena products system and Hartford Connector products system. A refined petroleum product pipeline, terminal and storage system extending from Phillips 66s Sweeny refinery in Old Ocean, Texas, to its refined petroleum product terminal in Pasadena, Texas, and ultimately connecting to the Explorer and Colonial refined petroleum product pipeline systems and other third-party pipeline and terminal systems.

A crude oil pipeline, terminal and storage system located in Sulphur, Louisiana, that is the primary source for delivery of crude oil to Phillips 66s Lake Charles refinery. A refined petrol eum product pipeline, terminal and storage system located in Hartford, Illinois, that distributes diesel and gasoline produced at the Wood River refinery (a refinery owned by a joint venture between Phillips 66 and Cenovus Energy Inc.) to third-party pipeline and terminal systems, including the Explorer refined petroleum product pipeline system.

Advisors' Opinion:

• [By Monica Wolfe]

  Phillips 66 Partners LP (PSXP)

  Chairman and CEO Greg Garland made a significant buy during the companys IPO on July 26. Garland purchased 35,000 shares at $23 per share. This transaction cost him a total of $805,000.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-transportation-companies-to-watch-in-right-now-2.html