Admittedly these aren't the best of times for energy companies, but it's
even worse for those whose assets lean towards natural gas and/or
politically dicey areas. Eni (NYSE:E) has never been among the most-loved major energy companies, but valuation is now starting to look quite interesting. With progress on divestitures and big discoveries off the coast of Mozambique, there's still work to do, but management has taken some solid positive steps.