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+--- Thread: PSX (/showthread.php?tid=170)
RE: PSX - EricL - 05-07-2014
(05-07-2014, 01:47 PM)TomK Wrote: I just re-read this old thread from the start. An entertaining read indeed in light of today's additional large dividend increase to $2.00 per share.
The payout ratio is still low, earnings projections look good, and they are really "walking the walk" on the dividend. So how do you all feel about PSX at about $85 a share? Are you guys still buying?
I'm tempted to get a bit more for myself. This ride could still be excellent for a number of years more before maturing to more normal growth.
I don't see the North American crude oil boom ending anytime soon and PSX is one of the best operators in the sector. Also have great projects in the works to increase production capacity and exports of products. I think the next 5-10 years should be great for shareholders, if not longer.