Thread regarding Phillips 66 layoffs

Don’t be Fooled

The recent surge in share prices are not a reflection of the market now thinking Phillips 66 is a better investment than peers.

YTD we are trailing all refiners, including PBF, Delek, and even CVR and are right in line with the broader S&P energy index. Bets on refining were made with the start of the Iran war and we did not benefit. We just followed the inflow of money into energy.

We still have a long way to go before we earn the trust of investors. We must deliver Q1 results given the current favorable margin environment.


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| 21 views | | 10 replies (last April 2) | Reply
Post ID: @OP+1kmn5ccr3

10 replies (most recent on top)

@kx Even a blind squirrel can find his nuts.

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Post ID: @199+1kmn5ccr3

And now stock is in retreat but at a faster pace than VLO and MPC. That clearly says something about investor confidence.

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Post ID: @15h+1kmn5ccr3

@be sometimes even the lazy get lucky

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Post ID: @kx+1kmn5ccr3

Agree with all of the sentiment here. we have taken on a lot of exposure in the last year and a half at the urging of M@rk Hugh3z and our saucy CFO. Now we either post results or we need to hold some people accountable—namely those that have been pushing this.

We should see more cash flow this quarter and higher earnings per barrel or heads should roll.

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Post ID: @k9+1kmn5ccr3

The timing of the WRB purchase is looking pretty good right now.

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Post ID: @be+1kmn5ccr3

We should report the discretionary trading earnings and prove to the street how much value it is adding. Why don’t we do that so we can get the multiple uplift? Not sure what IR is thinking. And it would also be something that Elliott would like, I would think.

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Post ID: @bc+1kmn5ccr3

I’m keep getting told that commercial knows what they are doing and are equipped with the right tools and leaders! Right…..Right!?

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Post ID: @ba+1kmn5ccr3

We are going to have an exceptional quarter! Our traders have been taking advantage of the volatility and ready to outperform our competitors!😉

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Post ID: @b9+1kmn5ccr3

@aa I agree. We are well positioned to have a great quarter and first half of the year.

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Post ID: @ah+1kmn5ccr3

Q1 results should be exceptional given the current market cracks and the increased size of our commercial trading operation.

We have grown our presence significantly in trading activity so these are the times where we should really outperform our competitors (VLO in particular) that have much smaller trading organizations.

Time to put up or shutup. If we don’t capture a lot of value during periods of volatility what is the point of having the trading organization?

I like our chances to really distance ourselves this quarter.

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Post ID: @aa+1kmn5ccr3

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