The Plains All American Pipeline stock (PAA) has started the week with a 1.21% surge after registering a drop of about 4% last week.
Last week’s PAA market price drop created an opportunity for investors to buy the stock at a lower price since it has generally been rising since December 20, 2021.
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To help stock investors interested in investing in Plains All American Pipeline, Invezz has created a brief article on what it is and where to buy its stock.
To find out more, please continue reading.
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Plains All American Pipeline stock (PAA) is the stock of Plains All American Pipeline, L.P., and it trades on NASDAQ Exchange using the ticker NASDAQ: PAA.
In a nutshell, the Plains All American Pipeline, L.P., is a pipeline transportation company that transports crude oil and also engages in the marketing and storage of liquefied petroleum and gas in the United States and Canada.
The company is headquartered in the Allen Center in Downtown Houston, Texas.
Over the years it has acquired the All American Pipeline System, Scurlock Oil Company Permian and west Texas pipeline from Chevron Corporation, Midstream operations of Murphy Oil CANPET Energy Group, a liquified gas marketing company based in Canada, Capline Pipeline System, Link Energy pipeline system, Assets in Louisiana from Shell Oil Company, Pacific Energy Partners, Rainbow oil pipeline in Northern Alberta, Canadian NGL business from BP, and Alpha Crude Connector gathering system and pipeline in the Permian Basin.
If you want to invest in the stock of an oil pipeline company, then the PAA stock could be a good choice.
The situation in Eastern Europe is still very unpredictable amid reports that Russian troops are pulling out of key cities including Kyiv but leaving behind mines.
Going by its strong market sentiments, analysts expect the price of PAA stock to rise above $11 by the end of this week.
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