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Enter Symbol:
 
PAA Natural Gas Storage L.P. (PNG) [hlAlert]

Rating:
Underperform
PNG
down 4.95 %

PAA Natural Gas Storage L.P. (PNG) rated Underperform by BofA/Merrill

Posted on: Thursday,  May 9, 2013  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Underperform PAA Natural Gas Storage L.P. (NYSE: PNG) on 05/09/2013, when the stock price was $21.86.
Since then, PAA Natural Gas Storage L.P. has gained 5.22% as of 12/31/2014's recent price of $23.00.
If you would have followed this BofA/Merrill's recommendation on PNG, you would have lost 4.95% of your investment in 601 days.

PAA Natural Gas Storage, L.P. (PNGS) is engaged in the business of acquisition, development, operation and commercial management of natural gas storage facilities. The Company operates in two segments: Bluewater facility and Pine Prairie facility. PNGS owns and operates two natural gas storage facilities located in Louisiana and Michigan that have an aggregate working gas storage capacity of 40 billion cubic feet, and an aggregate peak injection and withdrawal capacity of 1.7 billion cubic feet per day and 3.2 billion cubic feet per day, respectively. It also leases storage capacity and pipeline transportation capacity from third parties. As of December 31, 2009, PNGS had three billion cubic feet of storage capacity under lease from third parties and had secured the right to 379 million cubic feet per day of firm transportation service on various pipelines. On September 3, 2009, Plains All American Pipeline, L.P. acquired the remaining 50% interest in the Company from Vulcan Capital.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/9/2013 8:25 AM Sell
None
21.86
as of 12/13/2013
1 Week up  2.75 %
1 Month up  4.65 %
3 Months up  4.82 %
1 YTD up  1.64 %

(*) Stock Price at the time of the recommendation.
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