For example, if an eventual buyer deems that the 8% discount rate that is used by CDEV, the corporation that owns the pipeline, is too high and that we're to assume a lower discount rate, then the value of the pipeline goes up.
Similarly, if a willing buyer has a cost of capital that is lower than others, then it could see additional value in buying the pipeline.
By the same token, if the government decides to incite or incentivize certain indigenous groups to be partners in a minority stake or even in a greater share of ownership, then a participant, a willing buyer, could see additional value in partnering with indigenous groups and first nations.
These are all examples of factors that could incentivize people to buy the pipeline at a value that is higher than the present value of future flows suggests.