Plains All American: A Buy Despite Recent Outperformance

imaginima Plains All American (NASDAQ:PAA) is a relatively large-scale MLP with a market cap of just over $12.5 billion. It owns and operates midstream energy infrastructure based in the United States and to a lesser degree in Canada. The main segments are pipeline transportation and storage of crude oil and NGL, where the crude oil accounts for the lion's share of PAA's EBITDA generation. For example, the operations that are associated with crude oil explain roughly 89% of the guided EBITDA for 2024. A ...