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Plains All American Pipeline, L.P. Message Board

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  • rrb1981 rrb1981 Nov 14, 2011 10:39 PM Flag

    Going down- just look at ETP

    Could PAA have picked a better time, sure, but they have no idea whether tomorrow will be an up day or a down day on the market. In this market, it is not uncommon for the market to move 2-3%.

    PAA had a need to raise equity capital and they did. No use crying over spilled milk. PAA's management team is one of the best in the sector. I would imagine PAA holders would be screaming if PAA had chosen to sell equity at near the bottom rather than near their 52 week high.

    As arb said, this will be a blip in a few weeks.

42.70-0.30(-0.70%)Jul 6 4:02 PMEDT