How do you say cheap in Italian? Eni

Actually, it's a buon mercato, but you get the point.
Eni(E) is the cheapest major integrated oil & gas giant out there. Let's look at the numbers: P/E: 4.7, 11.3(forward) Yield: 3% Enterprise multiple: 1.95 Price-to-book: 0.97.
This is not a fast grower, but no major is. Plus, they're big in places like Africa and Russia which could be trouble. I can't think of another reason the market is valuing this company so low. BG Group(BRG), which has a slightly larger market cap, is being valued at 18x earnings. Last Friday, Cramer was singing the praises of Total(TOT). How can he love that company and not Eni? Eni operates in many of the same places at Total and Its margins are better. Additionally, JPM just downgraded TOT last Wednesday.