Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Plains All American Pipeline's recent earnings call sheds light on its strategic maneuvers and financial health as it aims to solidify its position as a premier crude midstream company.</li><li>The company reported a solid third-quarter adjusted EBITDA of $669 million, reinforcing the execution of its strategy focused on leveraging its asset base and maintaining disciplined capital management.</li><li>The anticipated sale of Plains All American Pipeline's Natural Gas Liquids (NGL) assets, scheduled to close early next year, marks a strategic shift to a more crude-focused portfolio.</li></ul>

Plains All American Pipeline's recent earnings call sheds light on its strategic maneuvers and financial health as it aims to solidify its position as a premier crude midstream company.The company reported a solid third-quarter adjusted EBITDA of $669 million, reinforcing the execution of its strategy focused on leveraging its asset base and maintaining disciplined capital management.The anticipated sale of Plains All American Pipeline's Natural Gas Liquids (NGL) assets, scheduled to close early next year, marks a strategic shift to a more crude-focused portfolio.

Plains All American Boosts Competitive Edge With EPIC Acquisition Synergies & Capital Optimization!

<ul><li>Plains All American Pipeline, L.P. (PAGP) reported solid financial performance for the second quarter of 2025.</li><li>The company achieved an adjusted EBITDA attributable to Plains of $672 million, driven by increased Permian volume growth and contributions from recent bolt-on acquisitions.</li><li>The second quarter saw a significant strategic decision with the execution of agreements to sell most of its Natural Gas Liquids (NGL) business in Canada to Keyera for $3.75 billion, set to close in early 2026.</li></ul>

Plains All American Pipeline, L.P. (PAGP) reported solid financial performance for the second quarter of 2025.The company achieved an adjusted EBITDA attributable to Plains of $672 million, driven by increased Permian volume growth and contributions from recent bolt-on acquisitions.The second quarter saw a significant strategic decision with the execution of agreements to sell most of its Natural Gas Liquids (NGL) business in Canada to Keyera for $3.75 billion, set to close in early 2026.

Plains GP Holdings: Is Its Bolt-On Acquisition Strategy Adequately Supporting Its Future Growth Plan?

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>In last week's <em>Compass</em> we highlighted what we view as compelling signals that risk appetites are improving, which is bullish for the broad market. The trend of improving risk appetites has only continued over the past week and we are moving toward an outright bullish outlook.</p>

In last week's Compass we highlighted what we view as compelling signals that risk appetites are improving, which is bullish for the broad market. The trend of improving risk appetites has only continued over the past week and we are moving toward an outright bullish outlook.

U.S. Equity Strategy: Small-Caps Re-Emerging As Leadership

United States

Plains GP Holdings LP is a holding company. The Company, through its subsidiaries, is involved in the transportation, storage, terminalling and marketing of crude oil, refined products and LPG, as well as develops and operates natural gas storage facilities.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Plains GP Holdings LP (PAGP US)

Plains All American Boosts Competitive Edge With EPIC Acquisition Synergies & Capital Optimization!

Plains All American Pipeline's recent earnings call sheds light on its strategic maneuvers and financial health as it aims to solidify its...

Baptista Research

Plains GP Holdings: Is Its Bolt-On Acquisition Strategy Adequately Supporting Its Future Growth Plan?

Plains All American Pipeline, L.P. (PAGP) reported solid financial performance for the second quarter of 2025. The company achieved an adjusted...

Baptista Research

U.S. Equity Strategy: Small-Caps Re-Emerging As Leadership

We continue to see compelling signals that suggest risk appetites are improving, which is bullish for the broad market. As a result, we are moving...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)