PAA Stock Outperforms its Industry in Six Months: How to Play?

Units of Plains All American Pipeline LP (PAA) have rallied 7.8% in the past six months compared with the Zacks Oil and Gas – Production Pipeline - MLB industry’s growth of 3.4%. PAA’s units have also outperformed the S&P 500 and the Zacks Oil-Energy sector in the same time frame.Another operator in the same space, Energy Transfer (ET) , also outperformed the industry, sector, and S&P 500 in the same time frame.The firm, after completing its multi-year expansion plan, maintains disciplined capital spending ...