PAA for High Yield + Growth

[dan_s]

Plains All American Pipeline LP (PAA): An updated profile for PAA has been posted under the MLP Tab.

PAA is a true "Growth & Income" MLP. It does have a lower annual yield than the other selections in our High Yield Income Portfolio, but it also has a lot more long-term growth potential. The main thing to remember about PAA is they are primarily in the liquids transportation and storage business. As long as North American is growing liquids production (which IMO will go on for at least ten more years) then demand for PAA services will remain high.

See the chart on page one of the portfolio. PAA likes to "under-promise and over-deliver".