Their latest presentation is the best 1 yet. It demolishes every point that Go Go and The Board try to make!
Stuck between a rock and a hard place
The good people of P66 currently have two choices: GoGo and the ELT or Elliot. The only possible get out of jail free card is if a White Knight comes to the company's rescue. Presently, there are none on the horizon. On one hand there's the devil... — read more
Wood River Delays Startup
Wood River Refinery has delayed its startup after performing maintenance by at least 1 week. Didn’t Go Go say not more than a week ago that all turnarounds had been completed on time and under budget?
world class level presentation I have even seen
https://streamline66.com/wp-content/uploads/2025/04/Streamline-66-Elliotts-Perspectives-on-Value-Creation.pdf Such a great report, professional, world class level, great Elliotts!
The Presentation
Phillips 66 has posted a long presentation stating that the company is doing very well since Go Go took over in 2022 and how Elliott is wrong on everything. This presentation says a lot of things, but the one thing that stands out to me is that it... — read more
P66 stock owned by former employees
If Elliott is smart, they should actively be courting the hundreds of employees fired, laid off, let go for being over 55 years old, etc in the past couple of years for their proxy if they kept their P66 stock. There were SGL 20+ people let go by... — read more
Will Stony Stony Island open this Year?
Think GOGO has the guts to open this year. I’m sure Elliott isn’t happy about wasting cost on running the executive resort. Hired Help Cost of Boats Maintenance of Golf Course Food for employees Stony Jackets for guest Food & Booze Corporate Jet... — read more
What Leadership Looks Like
So while we fight with Elliott and are told to stay focused, our ELT, HR and IT leadership are flying around the world to Singapore and India, spending money we don’t have and broadcasting it to the world on social media.
Cost of proxy mailings
Sure would like to know the printing and postage cost of the multiple proxy mailings. Don't tell me that it cost the same as the SPD suitcase printing and mailing, which was $1MM. What a waste of paper, postage and company money.
Earnings
Well, 1st quarter earnings were poorer than the already low expectations. It's hard to rationalize major changes at the highest level are not required going forward.
Too Little, Too Late?
Go Go and the Board have increased the dividend by 5 cents a share. Is this an act of desperation that is too little, too late to stave off defeat in the proxy battle?
Look out below
Any thoughts on what will happen if Eliot doesn’t pick up any board seats? Will they continue to buy more stock and continue their fight or sell what they have and move on to the next opportunity?
The best Elliott has?
Has anyone actually watched the videos Elliott is putting out? The female nominee is insulting to other qualified board members. Send her back to the farm. And Pi$e is an Elliott lightweight. Even everyone there hates him. The guy defines... — read more
Elliot’s plan is simple
Spin midstream off, use the cash to buy back shares, pump stock price, bail. No real value created. Look at psx market cap vs outstanding shares compared to its peers. Psx has a higher market cap (more money invested in it) but it’s divided by more... — read more
Major Shareholders Slam P66 Performance
In a recent survey >60% of major shareholders expressed dissatisfaction with the performance of the company. For details refer to Streamline 66.
For those against Elliott
Just curious on why ConocoPhillips spun off its refining and midstream business in 2012? Old article, but maybe Elliott is on to something..... https://www.dividend.com/how-to-invest/where-are-conocophillips-and-phillips-66-now-cop-psx/
The Borger Refinery
The Borger Refinery recently condemned 2 relatively high pressure, high temperature naphtha reformer reactors due to hydrogen blistering. This may have been totally unpredictable but with the big push to save money, it begs the question if the... — read more
Reminder both elliot and p sixty six have paid provocators on this message board
Think for yourselves
They Can Talk All They Want To
Phillips 66 can talk and brag all they want to about how successful BT and other things have been but that doesn’t make it true. The bottom line is that Phillips 66 financial performance badly lags our 2 main peers. The proof is in the PSX stock... — read more
How?
Earlier this morning a new post was posted and before very long at all it was deleted. How did P66 get it deleted so quickly? Do they have someone who continually watches this site?
Stock price Plummets
Well, if the stock wasn't underperforming against our peers before, it definitely is now after the tariff/proxy fight combo! Wild stuff.
Elliott
Elliott says “for years Phillips 66 Management has set performance targets, missed them and then claimed success”. I’m paraphrasing but they are 100% correct in saying that. It’s also happens to be what a lot of us on this site have been saying. — read more
LinkedIn Post Regarding Elliott
Check our Melissa Torres How delusional 😂
Letter to Trump from Oil & Gas Companies
Youtube https://youtu.be/SugMdD8rIYY You are wrecking our industry with your chaos 50 dollar per barrel oil is a myth 70 is the new 50
GoGoGo Astros
https://www.khou.com/article/sports/mlb/astros/daikin-park-new-train/285-dcf4e4cf-37a5-4980-8b67-78d41479a433
If You Say So
Phillips 66 has posted that “we’re moving ahead with a clear strategy and strong momentum”. No you’re not!
You are not alone - Time to take P66 back
There are many of us—employees and former employees—who have quietly joined the effort to support Streamline 66 because we’ve felt helpless, unheard, and frustrated watching this company we care about deteriorate under an irresponsible management... — read more
Proxy Comments
$22.6 M for ML. Let that sink in—132 times the pay of the median employee 30% increase in base pay for RH when earnings were near an all time low. Why is RH, such a cheap ba----d? Does not max out matching gift or PAC contribution. Why should we... — read more
Elliot sues P66 - MORE Drama unfolds
https://finance.yahoo.com/news/elliott-sues-phillips-66-order-201657234.html
Phillips 66 - Piper Sandler
Gogo spoke at this conference 1 day this week. Most of what he said was the same stuff about how successful BT has been and the great acquisitions he’s made. 2 the things do stand out though. Gogo said that synergies created with the NGL... — read more
Faltering
Hubris Excess Not paying attention to the fundamentals Bad advice Slow response More inattention The reckoning is approaching
Can’t Get a Straight Answer
Dealing with HR here at Borger Refinery has never been very productive. Now, with BT it’s a complete waste of time. They never give out good information. They’re always very vague and secretive.
Periodic L and D Reminder
This is the periodic reminder that while L and D field personnel continue to perform very well under very trying circumstances, L and D "leadership" continues to perform very poorly. "Leadership" just can't seem to gain enough traction to do anything... — read more
BEAT Valero
Soon P66 stock will pass Valero. BT is the reason behind it
Propel Could Cost What??
Not a lawyer, so I asked AI how much this whole Propel debacle could cost. It's a little more complicated than I thought. You need a bond 1.5x of judgement, accrues simple interest. A company with strong credit pays 1-2% premium for bond. Oh yeah and... — read more
Elliott - It’s About to Get Very Interesting
Elliott has nominated a slate of 7 candidates to join the Board of Directors. Thing are about to get hot for Gogo and others.
Changes to ratings & VCIP
How many people noticed the “Global People Forum” email, identified it as important, and added the 10am meeting to their calendar today? They discussed some interesting changes to rankings and VCIP! Cliffs notes: Only 3 ranking categories now -... — read more
Good God...the insanity
$5 million dollars to Woolaroc???!!!! You must be joking. GoGo should just get in a cage match with Elliott. Winner gets to be CEO. Loser gets to work Woolaroc's welcome... — read more