BPL - Why I Traded Enbridge And Macquarie Infrastructure For Buckeye Partners
I recently wrote highly bullish articles on both Enbridge (ENB) and Macquarie Infrastructure (MIC) in which I labeled ENB one of my top buys for 2019 and MIC as one of my two favorite infrastructure businesses. However, I have decided to trade both of them for a long position in Buckeye Partners (BPL).
I like BPL because its valuation is comparable to MIC's and far cheaper than ENB's right now while offering assets that are diversified across both MIC's and ENB's core businesses. BPL is also in a