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EnvestorFirst (< 20)

Midstream Oil Major



May 10, 2012 – Comments (0) | RELATED TICKERS: PAA

We don’t report too often on midstream oil companies. However, it is important to explore all the elements to the oil industry. If you like your oil stocks, and are looking to expand your portfolio, midstream may be a good route. Aimee Duffy explains why this midstream stock is a good pick.

"First-quarter results
Revenue climbed across all three of Plains’ business segments: transportation, facilities, and supply and logistics. Overall, revenue was up 20% over last year to $9.22 billion, and earnings per share came in at $1.58.  Analysts expected earnings of $1.52 per share and revenue of $8.46 billion. Profit was also up from $182 million to $230 million over last year."


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