Phillips 66
PSX
position
long
Chris Begg
Thesis
Although Phillips 66 has been a good investment, the investor feels uncertain about the next ten years for a significant portion of its business, particularly refining, due to the technological cost curve coming from solar energy.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time horizon for the thesis, it's difficult to assess whether the concerns about Phillips 66's refining business have materialized or if the stock has performed as expected. The uncertainty regarding the impact of solar energy on refining remains a valid concern, but without further information, the outcome of the thesis cannot be determined.
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