Plains All American: A Good MLP In A Sector With Stronger Options
Plains All American Pipeline has recently strengthened its balance sheet through a $3.3 billion sale to Keyera. Despite this improvement, the company's leverage remains higher than that of its top competitors in the sector. The author rates PAA stock as a Hold, suggesting caution for potential investors.
- ▪Plains All American Pipeline completed a $3.3 billion sale to Keyera.
- ▪The company's leverage is still higher than its top peers.
- ▪The author recommends a Hold rating for PAA stock.
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