My question to Mr. Lashier, ELT, and the Board. If you truly believe that being an integrated energy company is the best vision; then why not put YOUR money where your mouth is a buy? I mean actually buy PSX shares from your personal cash like Intel's new CEO that bought $25 Million proving he believes in the vision, I'm not talking about the award granted shares you get handed to you with a zero cost basis on your part resulting in a 100% gain regardless of the share price when you sell. Why is it that when I look at the SEC form 4 filings, it only ever shows sells from you and the ELT and never buys? If you truly believe the integrated model then prove to Wallstreet you do more than lip service. The question the CEO, ELT and Board need to ask themselves, is why would an investor choose a tiny integrated energy company like PSX vs one of the majors that are integrated and upto 10x the market capitalization? If it is stock price stability/dividend they are looking for then one of the super majors has it covered! There isn't anything novel about being a tiny integrated energy company, and that is why PSX still trades like a poor performing pure play refiner. Investor sentiment dictates share price and the street hasn't bought the lip service of the benefits.
3 replies (most recent on top)
Go Go says the reason our stock is underperforming our 2 main peers is because “we’re in the early innings of BT.
3 years in is not the early innings but our stock should be making some gains against the peers. Instead the price differential in almost exactly what it was pre BT.
Once again PSX is being left behind as the macroeconomics has turned favorable for refining crackspreads as well as the whole Oil & Gas sector.
Because they’re only interested in milking the golden goose.