U.S. Oil Primed for Decade of Life — Midstream’s to benefit the most

Posted: Apr 01, 2024

- Company: Plains All American Pipeline, L.P. (PAA) is a midstream provider that transports and stores oil products, with potential for growth in the Frac Spread - Financials: Consistent revenue growth, strong profitability margins, and reasonable leverage - U.S. oil market: Record highs in production, potential for increased demand and premiums, and strategic long-term investment opportunities - Frac Spread: PAA benefits from the spread between NG-based NGL prices, making operations more lucrative - Strategy: Plan to ride stock up with weeklies and transition to synthetic calls once valuation grows richer, currently holding April 19th calls @17.50 for 20c each





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