Is It Time To Buy Oil And Gas Pipeline Stocks? ...Middle East

This month we are taking another look at pipelines, specifically those used to transport oil and gas from the field to refineries. There is an odd disparity in the fortunes of these companies and the refiners we looked at last month, Valero Energy and Phillips 66, (NYSE:PSX). Refiners have continued a relentless upward march month over month, while most pipelines are flat to slightly higher.I am not suggesting that there is a direct link between these two types of companies, because, although they are interdependent on each other, they have vastly…

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