Eni: Incoming Precedent Transactions Strengthen Value Case

Eni S.p.A. (NYSE:E) (OTCPK:EIPAF) looks pretty attractive. While having a solid E&P business, they also have a growth engine in Enilive and Plentitude. Enilive alone could be commanding a significant corporate valuation of between 11.5-12.6 bn EUR in equity. Plentitude was something around 8 billion EUR when it received investment from EIP. The residual businesses in E&P look quite shored up with some recent acquisitions that have considerable growth potential. The chemical and refining business doesn't loo ...