RE:LOOKING FOR CONFIRMATIONSame thing is going on accross the entire Canadian oil patch and infrastructure. Some of them are yielding 5%+(VET, ENB, PEY)!!! And for some, like OBE and CPG, the market cap is half the book value. And remember, OBE has half their production hedged at $50+ through Q1'18..
Of course ... it coild all be a value trap, so do your own DD.
As WB woul say, BE GREEDY WHEN OTHERS ARE FEARFUL.