Plains All-American Pipeline LP (PAA & PAGP) Update - Feb 5
Posted: Fri Feb 05, 2021 12:02 pm
Scotiabank analyst Alonso Guerra-Garcia resumed coverage of Plains All American with an Outperform rating and $14 price target. Following a 50% distribution cut, the significantly improved free cash flow profile "bodes well for future de-leveraging and buybacks," said Guerra-Garcia, who also views concerns about its risk to exposure to federal lands as "overdone."
PAA is currently trading at $9.03. Quarterly distributions are $0.18 for annual yield of 7.97% < MLP
PAGP is currently trading at $9.10. Quarterly dividends are $0.18 for annual yield of 7.91% < C-Corp
I am updating my forecast/valuation model for PAA this morning and it will be posted to the EPG website by noon CT.
PAA is currently trading at $9.03. Quarterly distributions are $0.18 for annual yield of 7.97% < MLP
PAGP is currently trading at $9.10. Quarterly dividends are $0.18 for annual yield of 7.91% < C-Corp
I am updating my forecast/valuation model for PAA this morning and it will be posted to the EPG website by noon CT.