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Plains All American Pipeline, L.P. (PAA)

- NYSE
  • Jul. 29, 2013, 6:41 PM
    • Plains All American Pipeline (PAA) affiliate Plains GP Holdings files for an IPO to raise up to $1B in shares.
    • The newly formed company will own limited partner interests in Plains AAP, which owns a 2% general partner stake in PAA.
    • The NYSE ticker is expected to be PAGP.
    | 6 Comments
  • Jul. 11, 2013, 10:47 AM
    Oppenheimer continues to like top MLPs, noting that the Alerian MLP index (AMJ) outperformed the S&P 500 in three of the past five times interest rates have risen. For the MLPs under its coverage, Oppy's analysts forecast median 2014 distribution growth of 5.6%. The firm's MLPs to buy: EPD, RGP, EEP, PAA, BBEP, LRE, EVEP, MCEP, NSLP.
    | 3 Comments
  • Jun. 27, 2013, 12:49 PM
    As the controversy intensifies over whether or not the U.S. approves the Keystone XL pipeline, it seems that the oil will continue to flow across North America. At least 37 other pipeline projects are now planned or underway in the U.S.
    | 49 Comments
  • Jun. 25, 2013, 2:28 PM
    Plains All American (PAA +0.8%) is raised to Buy from Neutral with a $61 price target at Ladenberg Thalmann, which says recent price weakness creates an opportunity as fundamentals are strong and growth prospects are intact. The firm believes PAA "is well positioned to potentially reap numerous benefits as supply and demand patterns in North America continue to evolve."
    | Comment!
  • Jun. 24, 2013, 2:28 PM
    The recent volatility in interest rates, commodity prices and overall markets strengthens  Deutsche Bank's conviction that the best performers among MLPs will be the most visible dividend and distribution growth entities with minimum commodity risk and maximum opportunities for accretive organic growth. DB's favorites: ENB, KMI, SE, SEMG, ACMP, EPD, PAA.
    | 2 Comments
  • Jun. 17, 2013, 9:29 AM
    Plains Midstream Canada, a subsidiary of Plains All American Pipeline (PAA), has shut its Kemp pipeline after a recent spill of ~950 barrels of oil in Alberta. It's strike two for PAA in the area, as Alberta's government in April laid charges against Plains Midstream Canada for a 2011 pipeline rupture that resulted in the province’s largest oil spill in 36 years.
    | Comment!
  • Jun. 7, 2013, 11:35 AM
    Enbridge Energy Partners (EEP +1.1%) is allowed to limit the amount of sulfide gas in crude oil shipped on its pipeline into its rail loading terminal in North Dakota, the FERC ruled late yesterday. EEP was seeking to limit the amount of the potentially harmful gas in the delivered crude to 5 ppm, but Plains All American (PAA), Hess (HES) and Marathon Oil (MRO) had complained about how this would affect their business.
    | Comment!
  • May 31, 2013, 10:33 AM
    Even as rising interest rates and lower oil and natural gas prices impact valuations across the MLP sector, Deutsche Bank continues to view the sector favorably because of its organic growth, rising dividends and distributions, and still historically low costs of capital. The firm's latest report points to still attractive fundamentals for its top MLPs to buy: EPD, KMP, PAA, WES, ACMP, RRMS.
    | 3 Comments
  • May 29, 2013, 5:54 PM
    Low interest rates have helped MLPs raise capital at a reasonable cost, enabling returns well above their cost of capital and supporting cash distribution growth, but Simmons analysts say investor interest should remain strong even as rates rise - though due diligence will be more important than ever. Darren Schuringa says it's crucial to measure an MLP’s coverage ratio rather than the actual money it pays out.
    | 10 Comments
  • May 29, 2013, 5:07 PM
    Plains All American Pipeline (PAA) expects Q2 EBITDA to exceed the mid-point of its quarterly guidance by ~10%, driven by continued strong fundamentals and favorable market conditions, albeit less favorable than experienced during Q1.
    | Comment!
  • May 20, 2013, 9:29 AM
    Plains All America (PAA) says it is constructing a 95-mile extension of its existing Oklahoma crude oil pipeline system to service increasing production from the Granite Wash, Hogshooter and Cleveland Sands producing areas in western Oklahoma and the Texas panhandle. The new pipeline will provide up to 75K bbl/day of new takeaway capacity.
    | Comment!
  • May 15, 2013, 3:51 PM
    Enbridge Energy Partners (EEP +1.3%) says it may be forced to shut down an 80K bbl/day oil-loading rail terminal in North Dakota unless the amount of potentially deadly hydrogen sulfide in crude oil delivered to the facility can be reduced. EEP is seeking to limit the amount of harmful gas in the delivered crude to 5 ppm, but Plains All American (PAA) counters that other pipeline companies have a threshold of 10 ppm.
    | 1 Comment
  • May 8, 2013, 11:58 AM
    Plains All American Pipeline (PAA +0.4%) is downgraded to Neutral from Outperform at Credit Suisse on valuation after posting Q1 results that "crushed" estimates. The firm raises its outlook to a three-year CAGR of 11% as PAA builds out its fee-based business. PAA took advantage of favorable spreads to record $3.95/bbl margins in its S&L segment but is guiding to $1.19/bbl margins for Q2 and $1.15 for H2.
    | Comment!
  • May 6, 2013, 5:45 PM
    More on Plains All American's (PAA) Q1 results: Earnings were helped by heavy pipeline traffic, while profits at PAA Natural Gas Storage (PNG) rose 12%. Q1 benefited from "solid fee-based results in our transportation and facilities segments and outstanding execution in our margin-based supply and logistics segment." Increases its 2013 capex program to $1.4B from $1.1B. PAA +0.6% AH.
    | 3 Comments
  • May 6, 2013, 4:32 PM
    Plains All American Pipeline (PAA): Q1 EPS of $1.26 beats by $0.29. Revenue of $10.62B (+15.2% Y/Y) misses by $800M. Shares +1.1% AH. (PR)
    | Comment!
  • May 6, 2013, 12:10 AM
    Notable earnings after Monday’s close: ALNY, AMTG, APC, ARRY, BSFT, CECO, CHUY, DPM, ENOC, EOG, FSLR, FST, FTR, GDP, GSM, GWAY, HIMX, HOLX, LGCY, MELI, MKTG, MMLP, MR, NOG, NRP, OTTR, PAA, PEGA, PNG, RKUS, SGY, SMG, SNTS, STAG, VNO, WMS
    | Comment!
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Company Description
Plains All American Pipeline LP is engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids.