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How Cheap Is Boardwalk Pipeline Partners Today?

By Tyler Crowe - Jul 13, 2014 at 1:07PM

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Compared to its peers Kinder Morgan Energy Partners and Enterprise Products Partners, pretty damn cheap.

You would expect a company that has seen its shares tumble almost 30% so far this year would be pretty cheap, and Boardwalk Pipeline Partners ( BWP ) is no exception. Compared to the stalwarts of the Master Limited Partnership space -- Kinder Morgan Energy Partners (NYSE: KMP) and Enterprise Products Partners ( EPD -0.47% )-- Boardwalk Pipeline looks like a steal by just about any measure. Then again, it is cheap for a reason. After cutting its distribution payment by over 80% earlier this year, not many investors are lining up to be a shareholder. 

But if you look at what the company has in store over the next couple of years and the plans it's making to clean up its balance sheet, it may be worth taking another look at Boardwalk. Find out more on how you can measure the value of a master limited partnership in lieu of the price-to-earnings ratio and why should consider putting Boardwalk on your radar by tuning into the video below. 

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Stocks Mentioned

Boardwalk Pipeline Partners Stock Quote
Boardwalk Pipeline Partners
BWP
Enterprise Products Partners L.P. Stock Quote
Enterprise Products Partners L.P.
EPD
$21.21 (-0.47%) $0.10

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