• The Canadian Competition Bureau has escalated its review of Keyera’s proposed purchase of Plains All American Pipeline’s Canadian NGL business, adding more regulatory scrutiny to the transaction.
• Separately, Plains All American Pipeline received Federal Energy Regulatory Commission approval for its proposed accounting treatment related to the Cactus III pipeline acquisition.
• These developments affect Plains All American Pipeline’s asset mix and the timing of its planned shift toward more fee based income.

NasdaqGS:PAA is trading at $21.885, with the share price up 20.2% year to date and 43.8% over the past year. Over a 5 year period, the stock has returned 244.7%, while the value score currently stands at 4. This gives investors a…