under valued this one compare to....this one is under valued in terms of today's economics to build pipelines. The world over with building of these mega projects like TMP at 34B$ is in cost over run mode. That puts older infrastructure pipelines at a bargain as the book value of these projects are still in the accounting of old pricing. In terms of current pricing to build these mega projects, Enbridge is a bargain at 52$ a share and when considering the new pricing, this stock should be around $100 CAD based on the assets and the dividend.
With the new economics of valuation and current market conditions of moving up, has these factors got the attention of the Aurecol of Ohama ? or Warren B targeting this one for the income and the under evaluation of assets ?
Target is 75$ near term
on target every time with a bullseye