OK...This is the guy ARGUS holds forth as their "Energy analyst" on their web site. I can not see anything that makes one think he has a clue about ANYTHING energy related. He has a degree from a small lib arts school in Mass so he certainly did not get an energy clue in college other than perhaps the Sierra Club. In fact it says he is working on a CPA which leads me to suspect a kid with no accounting chops let alone the ability to pick out an oil refinery from from a dairy plant. He probably thinks an olefin is margarine!
Securities Analyst: Energy
John covers primarily Energy stocks for Argus, though he does also have some coverage in various other sectors. He graduated from Stonehill College with a Bachelor of Science in Business Administration in Accounting and a minor in Economics. Prior to joining Argus, John worked in the banking and legal industries. Currently, he is working toward the Certified Public Accountant (CPA) designation.
I don't even pay attention (up or down) to these type of releases. I can tell you I know a lot more about PSX than these jokers know. It is undervalued and the immediate and longer term outlook is BULLISH. Just buy more at this stage and you will do very well. Take it to the bank.