Hyperbole, Much? -- Phillips 66 -- Fitzsimmons -- October 21, 2018

Didn't Warren Buffett own/sell a lot of shares of PSX or was it just COP? I've long forgotten.

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Hyperbole, much? Michael Fitzsimmons writes: "Phillips 66: the sale of the century." Summary:

• Friday's $6.35 drop in the share price was way overdone;
• the trigger was apparently the Trump administration's desire to ease rollout of the UN's new international maritime clean fuels standards;
• while Phillips 66 would be a beneficiary of the new rules, they were not worth 5.8% of the company's entire market cap; and,
• PSX is a STRONG BUY with a bullish Q3 EPS report expected Friday