Spectra Energy Partners (SEP) is down over 23% in the past year, but the worst is likely behind both the pipeline player and natural gas prices, said Tom Forester, portfolio manager of the Forester Value Fund (FVALX). 'It’s growing in the Northeast as people shift from heating oil and coal to natural gas,' said Forester. 'Think of it as a growth utility because it is growing EBITDA by about 10% a year, has a 5.5% dividend and still has an attractive valuation.' Spectra is a recent addition to Forester’s fund, so he said he purchased it at an attractive price. The $98 million Forester Value Fund is up 1.8% so far in 2016, according to fund-tracker Morningstar. Year-to-date the fund is outperforming 95% of its peers in Morningstar’s long/short fund category.