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

Plains All American Pipeline, L.P. / Equity Bottom-Up

<ul><li>In the 2024 second-quarter earnings of Plains All American Pipeline, the company displayed a performance that surpassed expectations, revealing robust execution capabilities amidst changing market dynamics.</li><li>The key financial highlight includes an adjusted EBITDA attributable to Plains All American of $674 million, exceeding projected values.</li><li>This positive outcome has led to an upward adjustment of the full-year 2024 EBITDA guidance by $75 million, now ranging between $2.725 billion and $2.775 billion.</li></ul>

In the 2024 second-quarter earnings of Plains All American Pipeline, the company displayed a performance that surpassed expectations, revealing robust execution capabilities amidst changing market dynamics.The key financial highlight includes an adjusted EBITDA attributable to Plains All American of $674 million, exceeding projected values.This positive outcome has led to an upward adjustment of the full-year 2024 EBITDA guidance by $75 million, now ranging between $2.725 billion and $2.775 billion.

Plains All American Pipeline: Strategic Contract Renegotiations and Long-term Agreements & Other Major Drivers

<ul><li>Plains All American reported its first quarter 2024 results, reaffirming its commitment to capital discipline, generating free cash flow, and returning capital to investors.</li><li>The management highlighted an adjusted EBITDA of $718 million for the quarter and is optimistic about achieving its full-year EBITDA guidance of between $2.625 billion and $2.725 billion.</li><li>These results align with the company's February projections and are supported by strong underlying operations and strategic investments.</li></ul>

Plains All American reported its first quarter 2024 results, reaffirming its commitment to capital discipline, generating free cash flow, and returning capital to investors.The management highlighted an adjusted EBITDA of $718 million for the quarter and is optimistic about achieving its full-year EBITDA guidance of between $2.625 billion and $2.725 billion.These results align with the company's February projections and are supported by strong underlying operations and strategic investments.

Plains All American Pipeline: How Is Their Focus on Enhanced Free Cash Flow Generation Expected To Materialize? - Major Drivers

<ul><li>This is our first report on oil and gas storage and transporation player, Plains All American.</li><li>This represents an increase of $50 million to $100 million from their previous guidance range's top limit.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

This is our first report on oil and gas storage and transporation player, Plains All American.This represents an increase of $50 million to $100 million from their previous guidance range's top limit.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Plains All American Pipeline: Initiation of Coverage - The Strategy Behind Their Unstoppable Growth in Crude and NGL Sectors! - Major Drivers

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 All American Pipeline, L.P. is involved in intrastate crude oil pipeline transportation and terminalling storage activities. The Partnership is also involved in gathering and marketing activities. Plains owns and operates a seasonally heated, common carrier crude oil pipe-line extending from CA to TX, and an oil gathering system in CA.

Plains All American Pipeline, L.P. (PAA US)

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Plains All American Pipeline, L.P. (PAA US)

Plains All American Pipeline: Strategic Contract Renegotiations and Long-term Agreements & Other Major Drivers

In the 2024 second-quarter earnings of Plains All American Pipeline, the company displayed a performance that surpassed expectations, revealing...

Baptista Research

Plains All American Pipeline: How Is Their Focus on Enhanced Free Cash Flow Generation Expected To Materialize? - Major Drivers

Plains All American reported its first quarter 2024 results, reaffirming its commitment to capital discipline, generating free cash flow, and...

Baptista Research

Plains All American Pipeline: Initiation of Coverage - The Strategy Behind Their Unstoppable Growth in Crude and NGL Sectors! - Major Drivers

This is our first report on oil and gas storage and transporation player, Plains All American. This represents an increase of $50 million to $100...

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

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