Plains remains on buying spree;plans to increase Gushing oil storage

摘要

US crude gatherer Plains All American Pipeline said Feb 24 it aims for another us200-to us300-mil of acquisitions this year to keep up its aggressive growth pace.And it plans to build 1.1-mil bbl of new storage at the key crude pricing hub of Gushing,Oklahoma,where it already has 5.3-mil bbl or 20% of the total.But Plains' master limited partnership units sagged slightly to us31.83 Feb 24 on a fourth-quarter loss of us172,000 or us0.03/unit.After adjusting for one-time charges,mostly for long-term compensation,Plains' net of us0.36/unit was below analyst consensus of us0.38.