RE:RE:RE:RE:Phillips 66 in talks for non-core assets sale: CEO Depending on the price, it would be an oppertunitisy purchase. If the stock tanked, then that would give them a prime opportunity to buy back stock.
It's unlkely that oil is going to tank, so a coule years from now it would look like a great move, even though it would upset a lot of the minority shareholders, the big institutions would love it.