NasdaqGS:PAAOil and Gas
Plains All American Pipeline Acquisition Adds Contracts And Raises Valuation Questions
Plains All American Pipeline (NasdaqGS:PAA) has completed its acquisition of EPIC Crude Holdings, LP.
The transaction adds crude oil transport and related assets tied to long term commitments.
Management expects operating synergies and integration benefits from the combined systems.
Plains All American Pipeline, or PAA, operates a large network of crude oil and natural gas liquids pipelines and terminals, with a revenue mix that is largely fee based. The EPIC Crude Holdings acquisition fits...