- Plains All American earned the ire of many investors when it slashed its distribution last year in response to the lower energy prices.
- The company actually enjoyed reasonably stable cash flows despite what the market appeared to think.
- The firm will likely see some growth in 2021 as the Wink-to-Webster Pipeline enters service.
- The long-term fundamentals are quite strong as the growing demand for energy globally results in the company seeing higher resource volumes.
- The company currently yields 8% and has an incredible coverage ratio that could result in the distribution being increased starting in 2022.
For further details see:
Plains All American: An 8%-Yielder With The Potential For Distribution Growth