PSX Poised For Impressive Growth -- Investors Only

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From SeekingAlpha, another feel-good story:

The big news in 2013 for this business unit is the upcoming IPO of Phillips 66 Partners (PSXP), which is planned for the second half of the year. PSXP will be an MLP in which PSX will be the general partner. Forming this MLP benefits existing PSX shareholders in a number of ways, which were discussed in an earlier article.

This is really all quite incredible in the big scheme of things considering a) how much useful capital was diverted to Solyndra-like failures over the past couple of years; and, b) how many obstacles the administration has placed on the fossil fuel industry.

Even Motley Fools have taken notice:

Next up is Phillips 66, which recently said it will boost shipments of cheap domestic crudes to its refineries across the country by as much as 130,000 barrels a day, as it joins forces with third-party operators to deliver U.S. and Canadian crudes via pipeline and rail. 

"We are aggressively pursuing increased access to advantaged crudes in North America by partnering with leading third-party transportation providers and better leveraging our own system capabilities," said Greg Garland, chairman and CEO of Phillips 66.

So, how did PSX do in the market yesterday? Glad you asked. Up 2.5% (up $1.62). It went ex-dividend a couple of days ago, May 16, 2013. Nice.

PSX, another energy company with rising expectations:

The House of the Rising Sun
And so it goes.