Name of opportunity: 👀
Plains All American Pipeline, LP
PAA to sell Canadian NGL business 💸
Crude oil and natural gas company Plains All American has risen 3.78% today. This might be in part because it has struck a deal to sell its Canadian natural gas liquids (NGLs) business to Keyera, one of the largest oil and gas companies in Canada.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Plains All American Pipeline, L.P. might increase from $18.41 to $21.03 in the next 12 months. If you invested $1000, you might profit $142.38.
Selling its Canadian NGLs business might help Plains All American streamline its operations, changing the nature of the company to focus more narrowly on crude oil. Some analysts are saying that shedding its Canadian NGLs business might make it a safer investment, as this part of the business has experienced more fluctuations in its earnings than the rest, thanks in part to commodity price volatility.
Plains All American Pipeline, LP is classed as an income stock because it pays dividends, giving investors another potential reason to add this company to their portfolio. The dividend yield is currently 8.57%. Dividends have decreased over the years as PAA cut distribution over earnings volatility, but the dividends paid by the company have begun to increase. Could selling off its Canadian NGLs business lead to further increases?
Crude oil 🛢️
Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL).
Which neme?: 🔍
Search directly for ‘Plains All American Pipeline’
Download Nemo.Money to check out Plains All American Pipeline, LP. New users can grab our registration bonus up to a maximum of $50 on first deposit. Terms and conditions apply.
