This year has been a rough one for the pipeline company.
News & Analysis: Plains All American Pipeline
Plains All American Pipeline had to quickly adjust to the challenging market conditions.
PAA earnings call for the period ending March 31, 2020.
The oil market downturn has hit this subsector hard.
The industry hasn't seen some of these levels in decades.
The proposal would help take some of the pressure off oil prices.
More energy companies are cutting their payouts amid plunging demand from the COVID-19 outbreak.
The oil patch is quickly running out of room.
Several factors weighed on the oil pipeline MLP last month.
This MLP's outlook suggests its high-yielding payout is not only sustainable but likely heading higher in the coming years.