Plains All American Pipeline Stock Forecast: Use The Current “Fiasco” As An Entry Point (PAA)
Summary
- The recent earnings report and oil spill in
California have caused Plains’ stock price to drop, presenting an interesting investing opportunity. - Midstream MLPs such as Plains are attractive investment choices in the energy sector due to their limited exposure to volatile oil prices.
- Oil rig counts are expected to start increasing during the second half of the year, and the company expects to meet its earnings estimates from February for the current fiscal.
- I Know First Predictive Algorithm is bullish on Plains for the second half of 2015 and beyond.
