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The Best Bet In The Phillips 66 Vs. Valero MLPs Distributions Growth War

Refining giants Valero Energy Corp (NYSE:VLO) and Phillips 66 (NYSE:PSX) made parallel moves in 2013 to spin-off midstream MLPs and position the partnerships as high-growth, asset drop down target investments. Both Phillips 66 Partners LP (NYSE:PSXP) and Valero Energy Partners LP (NYSE:VLP) have been at or near the top of the MLP world for distribution and unit value growth. Last week's earnings calls by the two sponsor companies indicated the MLP growth rates would stay up near recent levels. At this point the investment decision is whether to own one or the other or…