MIC - Revisiting My Buckeye Partners Investment

A few months ago, I discussed my decision to sell Macquarie Infrastructure Corp. (MIC) and Enbridge (ENB) in favor of Buckeye Partners (BPL) primarily due to my belief that BPL was opportunistically undervalued given its failure to participate fully in the January rally that MIC and ENB had both partaken in despite it possessing similar assets:

Since then, my decision has paid off handsomely, as the tables have turned on total return performance:

Data by YCharts

BPL has also reported its Q4 and FY18 results since I wrote my

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