Phillips 66 and its master limited partnership Phillips 66 Partners have made the headlines recently, because of how high PSXP climbed during its first day of trading. It isn't the first refiner to find success with an MLP spinoff -- Marathon Petroleum's spinoff MPLX is up more than 16% year to date -- and it doesn't look as if it will be the last. In this video, Fool.com contributor Aimee Duffy looks at Valero's recent affirmation of its plan to convert its logistics assets into an MLP.
We love MLPs because of the income they generate for our future. You can find three more great stocks that do the same thing in The Motley Fool's free report "3 Stocks That Will Help You Retire Rich." It names three stocks that could help you build long-term wealth and retire well, and it gives a few winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.
The article Another Refiner Sets Its Sights on an MLP Spinoff originally appeared on Fool.com.
Fool contributor Aimee Duffy has no position in any stocks mentioned. The Motley Fool owns shares of CST Brands. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.