First day of spring, the market showed its disbelief that reflation was at hand. Bank of America and its ilk dropped a snappy 5%. Even my robins arrived north prematurely, met by a 24-inch snowfall in the Hudson Valley. Dumb bunnies or blame it on global warming?
- Market Realist•3 days ago
MLPs continue to offer attractive yields near 7.0% compared to ~4.0% for REITs, ~3.5% for utilities, ~2.5% for Treasuries, and ~2.0% for the broader markets.
- American City Business Journals•6 days ago
Houston-based Phillips 66 (PSX) has announced a new project, a West Texas pipeline that would move crude out of the Delaware Basin portion of the Permian Basin toward Midland, Texas, and the company is seeking committed shippers for the prospective line. The company declared an open season for the Reeves-Odessa Origination Project, or Rodeo Project for short, starting the morning of March 24, according to a press release. Rodeo — not to be confused with Phillips 66's refinery in Rodeo, California — would initially be able to move up to 130,000 barrels of crude oil per day, though that could be expanded as high as 450,000 barrels per day, depending on the shipper interest in the open season, according to the release.
PAA : Summary for Plains All American Pipeline, L - Yahoo Finance
Plains All American Pipeline, L.P. (PAA)
NYSE - NYSE Real Time Price. Currency in USD
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|Day's Range||30.90 - 31.85|
|52 Week Range||19.76 - 33.95|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||73.02|
|Dividend & Yield||2.20 (7.05%)|
|1y Target Est||N/A|