Here is how Liberty Oilfield Services (LBRT) and PBF Energy (PBF) have performed compared to their sector so far this year.
TortoiseEcofin today announced that PBF Logistics LP (NYSE:PBFX) will be removed from the Tortoise MLP Index® (TMLP), and the Tortoise North American Pipeline IndexSM (TNAP), as a result of the approved merger with PBF Energy Inc (NYSE:PBF). As part of the transaction PBF will acquire all of the outstanding common units representing limited partner interests of PBFX it does not already own effective December 1, 2022.
Phillips 66 (PSX) focuses more on businesses like midstream, renewables and chemicals. This is making Phillips 66's business model more stable.