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Phillips 66 Message Board

rgchjr1945 125 posts  |  Last Activity: May 8, 2015 2:35 PM Member since: Sep 27, 2011
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  • Reply to

    New Investor

    by govpur Mar 5, 2015 1:03 PM
    rgchjr1945 rgchjr1945 Mar 5, 2015 3:28 PM Flag

    The price drop hit utilities in general because the 10 year bond interest rate ran up to 2.12% which would start to give utilities competition for investment dollars. Not so much today but in the future and these momentum players jump through their butts when change may effect their investments. D is in all the ETF's so even if people like it better than other utilities it still gets taken to the woodshed.

    As a retiree I listen to every webcast for every company that I own. If you have followed this company you know that there are huge opportunities. One of the biggest head wind in any year is hurricanes and the Virginia regulators are allowing them to bury aerial cable in rural areas. This will cut down on maintenance and problems every time their is a hurricane. Regulators in many states are waking up to the fact that utility plant has been getting old and requires investment along with the revenue to support the out lays.

    This is my favorite utility along with WEC and pipeline operators SE & KMI.

  • Under Armour Inc. (NYSE: UA) is perhaps acting like the perfect company, in the perfect industry, at the perfect time. Everything seems to be going right for the company. If the younger generation is flocking to Under Armour over Nike Inc. (NYSE: NKE) as so much of the scuttle and reports would indicate, it seems fair to ask if Under Armour is in the same position that Apple Inc. (NASDAQ: AAPL) was in a decade ago versus Microsoft Corp. (NASDAQ: MSFT).
    Under Armour Inc. (NYSE: UA) is perhaps acting like the perfect company, in the perfect industry, at the perfect time. Everything seems to be going right for the company. If the younger generation is flocking to Under Armour over Nike Inc. (NYSE: NKE) as so much of the scuttle and reports would indicate, it seems fair to ask if Under Armour is in the same position that Apple Inc. (NASDAQ: AAPL) was in a decade ago versus Microsoft Corp. (NASDAQ: MSFT).
    The fight between Apple and Microsoft, or Apple and the personal computer (PC), offers a great lesson here in a comparison between Nike and Under Armour. There also needs to be some temperance on just how extreme that comparison can be made. Despite the rise of the Mac generation and despite the rise of iTunes, the iPhone and the iPad, businesses and consumers still buy PCs in droves.
    A lesson here is simple: Under Armour may be growing and may continue to grow, but it may not be the death of Nike. In fact, there may be room for both Under Armour and Nike to keep growing.

  • Reply to

    Congrats to the Longs ...

    by joeschmo_4 Apr 16, 2015 10:04 AM
    rgchjr1945 rgchjr1945 Apr 16, 2015 1:00 PM Flag

    They manage the company for growth and income. It is still being run as if it was an MLP. Most of the assets are fee based and since natural gas is cheap a lot of it is moving across their toll road. Do not forget about their storage and terminals businesses which are huge. When asked about the $2.00 dividend and then 10% per year thereafter, Kinder said that they were sticking by that and in 2020 the divy should be $3.22. He qualified that by saying that was the base case and it could be higher.

  • Reply to

    Trading going crazy..........

    by hrdwkgdog Mar 9, 2015 1:01 PM
    rgchjr1945 rgchjr1945 Mar 9, 2015 1:26 PM Flag

    Having fun with the shorts???? It is pretty enjoyable.

  • Reply to

    NO DIVIDEND CUT!

    by igurumo Apr 9, 2015 3:04 PM
    rgchjr1945 rgchjr1945 Apr 9, 2015 4:38 PM Flag

    Cushing is not about to overflow. In the last few years they have added significant capacity. Based on numbers I can find on line it is around 70% full and we are hitting the time of year where refinery capacity starts to ramp up after being down for maintenance and switch over to summer fuels.

  • rgchjr1945 rgchjr1945 Apr 30, 2015 3:44 PM Flag

    Too many antitrust problems. Plus XOM needs oil and gas production and reserves.

  • Reply to

    Today's drop

    by g_squared_57 Mar 2, 2015 10:40 AM
    rgchjr1945 rgchjr1945 Mar 2, 2015 9:53 PM Flag

    Since most energy stocks were down today ETF's must have been down and they drag down everything in them. PSX is in a lot of ETF's that are broad based in the energy space. Then add to this all the prior comments on this string.

  • rgchjr1945 rgchjr1945 Mar 17, 2015 5:10 PM Flag

    I believe what the company has said is that where a cheaper solution exists then doctors should use that. However, there seems to be two additional classes of people who have problems with bad cholesterol. First there are the statin intolerant. In some cases there are people who think they are statin intolerant but actually are not. Their physician can determine that and then prescribe this new product to those who will actually benefit. A second group of individuals cannot get their cholesterol down with existing products no matter what they have tried. In addition, this group may be genetically prone to high cholesterol and are at high risk of heart attacks. In fact they may have had one already and diet will not bring down their cholesterol to non threatening levels. This new drug will get their cholesterol down.
    The REGN CEO talked about this in great detail in last weeks conference call. So if anyone wants the facts and not BS from short sellers shooting their mouths off listen to the webcast while it is still on the REGN website.

  • Reply to

    Do not sell your oil stocks

    by paulselmba Mar 20, 2015 4:49 PM
    rgchjr1945 rgchjr1945 Mar 20, 2015 9:33 PM Flag

    Oil rig counts at lowest level since March 2011
    Oilfield service company Baker Hughes’s (BHI) US crude oil rig count decreased by 56 last week, down from 922 to 866. The number of oil rigs is now at its lowest level since March 2011.

    The steepest decline in oil rigs since 1990 occurred on January 30, 2015, when the oil rig count decreased by 94. The latest figures mark the 14th consecutive weekly fall in crude oil rig counts. In those 14 weeks, the crude oil rig count has crashed by 680.

    The Permian Basin was most affected, with a crude oil rig count that decreased by 23 in the past week. In the “other basins” category, there were 19 fewer active oil rigs. Other rigs are those in smaller basins or those that don’t fall within a specific geographic basin.

    The oil rig count has fallen by 743, or 46%, since hitting a high not that long ago. The rig count was 1,609 on October 10, 2014, the highest since January 2005.

  • NEW YORK (TheStreet) -- Shares of Under Armour Inc. (UA - Get Report) are up by 0.83% to $83.41 at the start of trading on Thursday morning after analysts at Piper Jaffray raised their price target on the stock to $90 from $84 and increased their full year 2015 and 2016 earnings estimates.

    The firm now expects Under Armour's full year 2015 earnings to be $1.09 per share, up from $1.06 per share. For the full year 2016 Piper Jaffray believes Under Armour will post $1.50 per share, an increase from its previous $1.40 per share estimate.

    Piper Jaffray said it upped its numbers on the athletic apparel retailer as it believes the company has a robust footwear pipeline.

    "Following travels with Finish Line (FINL) management, we are highlighting UA as a positive derivative based on how this key partner views the brand's future product innovation," the firm said in an analyst note this morning.

    "Management was bullish on UA's current momentum in footwear--both in basketball and running. UA is roughly 5%-7% of Finish Line's sales but could be closer to 10% overtime should the momentum continue. Recall in the most recent 2 quarters, UA saw consolidated footwear growth in excess of 50%," Piper Jaffray continued.
    Continued --

  • rgchjr1945 rgchjr1945 Apr 20, 2015 4:20 PM Flag

    So far I can only find 2 projects and that was from the recent article about Valero and those to adjunct will take Texas oil. In the Bakken the MDU/Calmut project is also a topping refinery to make diesel. The left overs are then railed to a Calmut refinery (I think in Minnesota) to crack the residual. I have also seen a second topping unit to be built in ND the Trenton Diesel refinery with the residual again railed out. I have also seen MDU looking at building a 2nd diesel topper. All this is just starting to really kick off, but definitely positive for oil production in tight rock.

  • rgchjr1945 rgchjr1945 Apr 23, 2015 10:32 AM Flag

    I think all the biotechs are a little tired. CELG is up 62% in the last 12 mos., second only to REGN, up 68%, among the big companies Out of the other three, AMGN, BIIB & GILD, none is up more than 50% or less than 40%. Earnings on the other hand are estimated to be up more than 30% per year for CELG in 2015 or 2016. This is not a small biotech that has been losing money for 5 years and then all of a sudden hits the mother lode and is approved for a $ billion drug. Investing in those stocks in my mind is a #$%$ shoot. This is not a get rich company but one that will deliver superior earnings over a long period of time.

  • Reply to

    The remarkable resilience in UNP just left!

    by happyperson_1 Mar 23, 2015 12:53 PM
    rgchjr1945 rgchjr1945 Mar 24, 2015 12:24 PM Flag

    A big part of the SU hit was due to currency because of their big ownership of Mexican rails. UNP does own part of one rail in Mexico but it is not really a significant problem for them as it is for KSU. Momentum traders just jumped on this as usual selling without even understanding what happened.

  • rgchjr1945 rgchjr1945 Mar 16, 2015 9:34 PM Flag

    PSX is included in a number of energy ETF's that primarily include companies that depend on producing oil and gas. So even though you think it should trade more with the Brent/WTI spread, in actuality it gets taken to the woodshed along with all those oil companies. Problems at their DCP join venture with Spectra could be another issue since there are major funding issues there and the partners have not agreed on a cure for that problem to date.
    ETFs can really screw up a company you think is great. And most of the volume is by momentum investors who most of the time do not know or care to know what they are investing in.

  • rgchjr1945 rgchjr1945 Mar 16, 2015 5:52 PM Flag

    I think the recent kick up in the stock price can be attributable to two things. First the market is definitely going after growth and bidding up companies that have much better than average growth rates. Second, advertising is becoming more personalized as mass marketing is on a downward spiral with network TV. Companies that are going mobile and social and that can monetize both will be much more valuable.

    I rest my case.

  • Reply to

    Why Refining Stocks Are Prospering Now

    by rgchjr1945 Mar 28, 2015 10:34 AM
    rgchjr1945 rgchjr1945 Mar 28, 2015 10:36 AM Flag

    Over the past few years, the differential between the price of West Texas International (WTI) and Brent crude has become a proxy of sorts for the profitability of many refiners. That’s because the prices of the fuels they produce are more influenced by the higher international Brent price.
    Meanwhile, because the US bans crude exports, surging shale production at home has put downward pressure on WTI, as US producers can only sell their oil to American refiners.
    With the export ban in place the way it is … the US refiners have a crude cost advantage.
    The Brent-WTI spread has fluctuated widely so far in 2015; right now, it stands at around $8.00, compared to around $2.66 at the start of the year. In late February, it ranged as high as $13.74.

  • “When your suppliers are desperate and your customers are flush, that’s when you can really make some money,. “Which certainly describes the happy place US refiners currently occupy, between a glut of domestic crude and customers using more fuel in response to lower prices.”
    That latter point was borne out by figures released by the Federal Highway Administration earlier this month. According to the agency, US motorists logged a total of 251.4 billion miles in December, up 5% from last year. That capped off 10 straight months of year-over-year growth and was the fastest increase the FHWA has seen since 2001.
    Newer figures from Texas suggest motorists have kept their hands on the wheel into the new year: last week, the state, which accounts for 10% of US gasoline sales and 13% of diesel sales, reported that it had collected $284 million in fuel taxes in February, compared to $269 million in the same month last year.
    Refiners make money on what’s known as the “crack spread,” which refers to the difference between what they pay for the crude they process and the selling prices for finished products like gasoline, diesel and jet fuel.
    continued -

  • Reply to

    why is this board hardly used?

    by driveon6 Mar 23, 2015 2:23 PM
    rgchjr1945 rgchjr1945 Mar 30, 2015 12:36 PM Flag

    Its a boring stock. My time is better spent laughing on the way to the bank with the dividend every quarter. I picked up shares throughout the 2008 - 2010 trowth.

  • rgchjr1945 rgchjr1945 Mar 30, 2015 4:15 PM Flag

    So what does this have to do with the price of tea in China? It's the same size as West Virginia the 41st largest US state. 5 million people.

  • rgchjr1945 rgchjr1945 Apr 1, 2015 5:16 PM Flag

    How did you accumulate the nest egg? 401K or IRA and investing? Do you follow stocks and willing to do the work to follow individual companies? I am also retired and have many interests but have been a stock junkie for 45 years. I was also a manager for a large utility in many different parts of the company (operations, marketing, IS, Regulatory & Accounting). It was just natural to continue investing (not trading) as they trained me to be an investor.

    If you are into stocks I would suggest fewer ETF's and more individual stocks that have a history of raising dividends every year.

PSX
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