Monday, July 22, 2013
Plains All American Pipeline, L.P. (NYSE: PAA). is Currently a Bargain
To be clear, this group’s enticing argument to investors goes beyond the high yields with which MLPs are typically associated.
They’re characterized by considerably high barriers to entry for competitors, stemming from a tough regulatory approval process and the demand for large amounts of capital.
As a result, distribution of the market share is skewed. Of the 45 companies operating as midstream MLPs, the top seven collected nearly 75% of the industry’s total revenue. (more)
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