Bullboard - Stock Discussion Forum E Split Corp ENSRF

Primary Symbol: T.ENS Alternate Symbol(s): T.ENS.PR.A

The objective of the Class A shares is to provide holders with non-cumulative monthly cash distributions and the opportunity for capital appreciation through exposure to the portfolio. And The investment objectives for the preferred shares is to provide holders with fixed cumulative preferential quarterly cash distributions and return the original issue price of 10.00 Dollars to holders upon... see more

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TSX:ENS - Post Discussion

E Split Corp > Be patient

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Post by Obscure1 on Feb 15, 2024 2:46pm

Be patient

There is always a temptation to jump back into ENB and ENS by default after ENB goes ex-divi. If you look at the charts, ENB typically recovers after the initial fall, but the recovery day (today for example) is rarely the bottom.

When ENB went ex-divi in Nov 2023, it recovered the next day before bottoming the day after and then moving up the next week. However, last quarter was the exception to the rule as there is typically a couple of windows to get back in at low prices over the following 10 trading days.

I wouldn't be in a rush to buy ENB or ENS at the current level, but you never know. I have a buy order in for ENS at a lower price.

ENS typically sets itself up for a possible Raise following ENB going ex-divi because ENS shareholders get greedy for the divi at the end of the month while the ENB share price is still recovering.

Try to be patient if you can. I intend to keep you updated but I don't buy green bananas anymore.

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Comment by Experienced on Feb 15, 2024 10:31pm

The other thing to consider in terms of timing is that the market is in the Excessive Greed category. It is rarely a good idea to load up when market sentiment is in this category.

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Comment by cttglvr on Feb 16, 2024 12:12am

Hi Experienced. I almost totally agree. While many stocks are at stupid levels many are reasonable. I copied this from Seeking Alpha after the Enbridge earnings.... The market seemed happy on the results, but then the selling kicked in. This likely has little to do with the results and more to do with the FOMO bug that is taking over the rest of the market. If you can make 300% annualized chasing ...more

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Comment by Experienced on Feb 16, 2024 7:40am

Cttgivr....lots depends on your investment objectives and investment horizon in terms of what to do For my part over the years I have adjusted my asset allocation based on my view of where the market is going. Right now I see storm clouds coming and do my allocation is defensive. in terms if preferreds I see declining interest rates this year and with that higher prices for preferreds ...more

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