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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (33132)12/28/2008 2:43:36 PM
From: E_K_S  Read Replies (4) of 78670
 
Hi Spekulatius - I like your pick for Enbridge Energy Management LLC (EEQ).

Here is some additional information on this and a few other companies that seem to offer significant value.

MLPs Paying Dividends
by: Avi Morris November 24, 2008
Mentions KMR and EEQ
seekingalpha.com

Barron's Finds a Win in Linn
LINN Enery Diversied US Operations ( linnenergy.com )
by: SA Editor Rachael Granby December 28, 2008
seekingalpha.com

Enbridge Energy Management LLC (EEQ)
Ownership of Enbridge U.S. Operations

Enbridge Energy Partners, L.P. owns and operates liquids petroleum and natural gas transportation businesses in the United States. Enbridge Inc. holds a 16.6 percent interest in the Partnership through its U.S. subsidiary Enbridge Energy Company, Inc. (the general partner of the Partnership). Enbridge (U.S.) Inc. is an indirect, wholly owned subsidary of Enbridge Inc.


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These companies seem to be attractive based on their BV, debt and cash flows. EEQ has the least debt of the group and is selling about 30% below book. BBEP has a lot more debt and selling at a 20% discount to EEQ. Legacy Reserves Lp (LGCY) ( legacylp.com ) may be an interesting regional play.

You could put together a small basket of these companies and net a 20%-25% yield. There is excellent price appreciation potential too. EEQ may be the best of the group for a long term hold.

finance.yahoo.com

EKS
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