Another way to look at PLT... people in the market were willing to pay $10 back at the time of the IPO... when they had a slightly lower dividend, didn't have a backup pipeline and when the price outlook for NG and NGLs was beginning to worsen.

Now is the PLT of today (along with the commodity price outlook) truly so bad that PLT should be valued at less than half of the IPO price? 

If anything, to anyone who does some real analysis, PLT's outlook is AT LEAST as good now as it was at the time of the IPO.