Is Plains All American Pipeline Stock a Buy?
Plains All American Pipeline (NYSE: PAA) can't catch a break. The oil pipeline MLP seems to take two steps forward and then one back, thanks to all the oil market volatility in recent years. But 2020 was an even bigger reversal than the company was expecting because oil prices tanked, which impacted its volumes and growth prospects.
Because of that, Plains All American's unit price plummeted 50% this year. That pushed its dividend yield above 8% even though it slashed its payout by 50%.
However, while 2020 was a rough year for the oil pipeline company, that doesn't mean it can't get back on track. Here's a look at the bull and bear cases for this high-yielding oil stock.
Source Fool.com
