WSJ touts COP’s ‘Phillips 66’ downstream spin-off due to the favorable locations (in terms of price spreads) of its refineries in the Midwest and Gulf coast:
COP has been such a colossal screw-up in recent years that I’m skeptical of the investment merit of its successor companies. Moreover, the successor companies will likely trade above fair value immediately following the spin-off due to their novelty, which is yet another reason to avoid them. Comments?
Market Data 
Markets 
AI
