10 Best Transportation Stocks To Own Right Now

10 Best Transportation Stocks To Own Right Now: Phillips 66 Partners LP (PSXP)

Phillips 66 Partners LP, incorporated on February 20, 2013, owns, operates, develops and acquires primarily fee-based crude oil, refined petroleum product and natural gas liquids (NGL) pipelines and terminals and other transportation and midstream assets. The Companys initial assets consist of the three systems, which include Clifton Ridge crude system, Sweeny to Pasadena products system and Hartford Connector products system. A refined petroleum product pipeline, terminal and storage system extending from Phillips 66s Sweeny refinery in Old Ocean, Texas, to its refined petroleum product terminal in Pasadena, Texas, and ultimately connecting to the Explorer and Colonial refined petroleum product pipeline systems and other third-party pipeline and terminal systems.

A crude oil pipeline, terminal and storage system located in Sulphur, Louisiana, that is the primary source for delivery of crude oil to Phillips 66s Lake Charles refinery. A refined petrol eum product pipeline, terminal and storage system located in Hartford, Illinois, that distributes diesel and gasoline produced at the Wood River refinery (a refinery owned by a joint venture between Phillips 66 and Cenovus Energy Inc.) to third-party pipeline and terminal systems, including the Explorer refined petroleum product pipeline system.

Advisors' Opinion:

• [By Aimee Duffy]

  The surge of master limited partnership initial public offerings continued this week, as Phillips 66 Partners (NYSE: PSXP  ) and Marlin Midstream Partners (NASDAQ: FISH  ) commenced trading. In this video, Fool.com contributor Aimee Duffy looks at both of these IPOs, breaking down the potential opportunities for investors.

• [By Grace L. Williams]

  Pipeline MLP Phillips 66 (PSXP) made our list after COO J.T. Liberti bought 4,100 shares for $182,000. InsiderScore noted that Liberti also bought at the co! mpanys IPO in July 2013, and writes: Shares have doubled from their IPO price seven months ago and so Liberti’s move to add to his position on strength is an incremental positive.

• [By Robert Rapier]

  MLPs have been on a tear lately, and one of the hottest of them all has been Phillips 66 Partners (NYSE: PSXP). The partnership is comprised of midstream assets dropped down from its sponsor, the refiner Phillips 66 (NYSE: PSX).

source from Top Penny Stocks For 2015:http://www.topstocksforum.com/10-best-transportation-stocks-to-own-right-now.html