I regret buying this at $69; I thought for sure this would surge over $70; we had such momentum. It just keeps diving southward. I just don't understand it. I thought the fundamentals were strong and they continue to be profitable.
Blame the Obama folks at EPA for screwing you. More insanity that is leading this country to an economic collapse. Sequester costs setting in, uncontrolled entitlement spending, newly INCREASED taxes, and the propping up of the economy with $84,000,000,000 (yes, that is nine zeros) of artificial stimulus has set us up for a horric collapse. Be prepared because is will arrive sooner than you late.
If you're in for the long haul this is a blip... A pretty big blip but PSX is a very well-run company with a lot of positives. This is an example of the market overreacting to 'proposals' that 'may' go into effect in 2017. Even if they go into the effect the costs will be passed on to the consumer. I'm hoping for a dividend increase or other good news to snap PSX out of this funk.