Jonathan Kitchen
Plains All American Pipeline's (NASDAQ:PAA) business model relies heavily on growth from the Permian Basin in Texas and New Mexico. During the past few months, the Energy Information Agency's (EIA) weekly report continues to show significant levels of gasoline demand destruction (up
Analyst’s Disclosure:I/we have a beneficial long position in the shares of PAA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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