Top 5 Canadian Companies For 2016: Plains All American Pipeline L.P.(PAA)
Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquid petroleum gas (LPG) products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment transports crude oil and refined products on pipelines, gathering systems, trucks, and barges. As of December 31, 2011, this segment owned and leased 16,000 miles of active crude oil and refined products pipelines and gathering systems; 23 million barrels of above-ground tank capacity used primarily to facilitate pipeline throughput; 67 trucks and 382 trailers; and 82 transport and storage barges, and 44 transport tugs. The Facilities segment provides storage, terminalling, and throughput services for crude oil, refined products, and LPG and natural gas, as well as offers LPG fractionation and isomerization, and natural gas processing services. The Supply and Logistics segment purchases crude oil at the wellhead, and pipeline and terminal facilities; waterborne cargoes at their load port and various other locations in transit; and LPG from producers, refiners, and other marketers. This segment also resells or exchanges crude oil and LPG; and transports oil and LPG on trucks, barges, railcars, pipelines, and ocean-going vessels to various delivery points. It has 622 trucks and 731 trailers, and 2,453 railcars. The company also owns and operates natural gas storage facilities. Plains All American Pipeline, L.P. was founded in 1998 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Robert Rapier]
But much of this newfound oil and gas production is taking place in regions that haven't been traditional producers of oil and gas. This has created! strong demand for midstream providers to build the gathering systems, pipelines and storage tanks required to move oil and gas from fields in North Dakota and Pennsylvania to customers on the Gulf Coast and in the Northeast. This profited such midstream MLP giants as Kinder Morgan Energy Partners (NYSE: KMP), Enterprise Products Partners (NYSE: EPD), and Plains All American Pipeline (NYSE: PAA).
- [By David Dittman]
Enterprise Products Partners LP (NYSE: EPD) and Plains All-American Pipeline LP (NYSE: PAA) generate fee-based revenue tied to the continuing ramp-up of shale-based gas and oil production in the US.
- [By David Dittman]
Answer: Pembina Pipeline has surged well beyond our recommended buy-under target, but it remains one of my favorite invest-to-grow stories.
My favorite MLPs for new money include recent distribution-raisers Kinder Morgan Energy Partners LP (NYSE: KMP) and Plains All American Pipeline LP (NYSE: PAA).
Duke Energy still faces serious questions about the Dan River coal ash spill. But I think it will be able to absorb cleanup costs, appease local, state and federal regulators and continue to grow its dividend.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-canadian-companies-for-2016.html
Joshua Trujillo, seattlepi.com/AP WASHINGTON -- The Federal Aviation Administration has accepted Boeing's revamped battery system for its beleaguered 787 Dreamliners and agreed to lift its grounding order, according to a congressional official. The order gives Boeing the go ahead to begin retrofitting planes with an enhanced lithium-ion battery system although the root cause of battery failures that caused a fire on one of the planes and smoke on another is still unknown. Boeing Co. (BA) intends to work on the retrofits over the weekend, and flights could resume within days to a week, the official said. The official requested anonymity because he wasn't authorized to speak publicly before the FAA's announcement. The FAA gave Boeing permission last month to test the revamped system, which includes additional insulation around each of the battery's eight cells to prevent a short circuit or fire in one of the cells from spreading to the others. The new system also includes enhanced venting of smoke and gas from inside the battery to outside the plane. A strengthened box to hold the battery is an effort to ensure that if a fire were to occur, it wouldn't escape to the rest of the plane. Boeing has completed 20 separate tests of the new system, FAA Administrator Michael Huerta told Congress earlier this week. The FAA's action directly affects United Airlines (UAL), which is the only U.S. airline with 787s in its fleet. But aviation authorities in other countries are expected to swiftly follow suit. Boeing had delivered 50 planes to eight airlines in seven countries when a fire erupted in a battery aboard a Japan Airlines 787 parked at Boston's Logan International Airport on Jan. 7. The FAA and other authorities grounded the entire fleet after a second incident nine days later led to an emergency landing by an All Nippon Airways 787 in Japan. Boeing has recently been readying replacement battery systems for installation in anticipation that the grounding order would soon be rescinded. "We are primarily bound by EASA decisions, and we need to have their permission to end the grounding," said Marek Klucinski, a spokesman for Polish national carrier LOT, referring to the European Aviation Safety Agency. "If the [Boeing] decision is today, we can expect a permission to fly in the middle of next week." LOT has two of the planes: One in Warsaw, and one that was en route to Chicago when the grounding order was issued and has remained there. Technologically Advanced The 787 is Boeing's newest and most technologically advanced plane. It is the world's first airliner made mostly from lightweight composite materials. It also relies on electronic systems rather than hydraulic or mechanical systems to a greater degree than any other airliner. And it is the first airliner to make extensive use of lithium-ion batteries, which are lighter, recharge faster and can hold more energy than other types of batteries. Boeing has billed the plane to its customers as 20 percent more fuel efficient than other midsized airliners. That's a big selling point, since fuel is the biggest expense for most airlines The plane's grounding on Jan. 16, an enormous black eye for Boeing, marked the first time since 1979 that FAA had ordered every plane of a particular type to stay out of the air for safety reasons. UBS analyst David Strauss estimated last month that the 787 will cost Boeing $6 billion this year. Besides the battery problems, the plane already costs more to build than it brings in from customers. United has six Dreamliners, plus another 44 on order. American Airlines and Delta Air Lines (DAL) have also ordered 787s. Boeing has orders for more than 800 of the planes from airlines around the globe. The 787 has two identical lithium-ion batteries, one of which is located toward the front of the plane and powers cockpit electrical systems, the other toward the rear and used to start an auxiliary power unit while the plane is on the ground, among other functions. It was the battery toward the rear that caught fire and gushed smoke on the plane in Boston, which had recently landed after an overseas flight. It was the other battery toward the front that failed on the plane in Japan. Every item that is part of an airplane, down to its nuts and bolts, must be certified as safe before FAA approves that type of plane as safe for flight. The two events have raised questions about why the FAA and Boeing didn't uncover problems with the batteries before the FAA certified the plane as safe for flight in 2011. In recent years, the FAA has relied to a greater extent on designated employees of aircraft makers to conduct the safety testing necessary of certification. Some aviation safety experts have questioned whether FAA has the in-house expertise to oversee the safety of cutting-edge technologies that haven't been in planes before. Lithium batteries are much more likely to experience uncontrolled high temperatures that can lead to fires if they are damaged, exposed to excessive heat, overcharged or have manufacturing flaws. Despite their safety risks, they are increasingly attractive to aircraft makers as a way to cut weight and thus improve fuel efficiency. The National Transportation Safety Board is investigating the Boston battery fire and the process by which the FAA certified the 787's batteries were certified as safe. The board has scheduled a two-day hearing beginning Tuesday at which FAA and Boeing officials are slated to testify. NTSB officials have said the Boston battery fire began with a short circuit in one of the battery's eight cells, leading to uncontrolled temperatures and short-circuits in the rest of the battery's cells. Firefighters who responded to the incident reported dense clouds of white smoke and two small flames on the outside of the box that contained the battery cells. --- .