SNMRF - Snam: Discounted With High-Quality Earnings
Pipeline companies such as Enterprise Products Partners (EPD), Kinder Morgan (KMI) and MPLX (MPLX) are very well covered by Seeking Alpha contributors, drawn in by their compressed prices and substantial dividend yields. With recent announcements indicating these yields are being sustained, there is even more interest. However, we think that investors attracted to pipeline companies' toll-road economics should consider players less vulnerable to shale oil viability. We think a superior investment in the COVID-19 environment is Snam (SNMRF), a well-known Italian player with a strong footprint in