RE:RE:Analyst Robert Tuttle and Bloomberg look foolish todayWalmart:
Take responsibility for your own actions.
Don't include others like me (who sold at $54) or Marketsense (who sold at $57) with yourself.
I bought and sold ENB 3 times before selling at $54 making $6, $8, and $7 on the three swing trades while enjoying dividends along the way.
I currently have a small position (about 3,100 shares) in ENB at a cost of $42.60 before dividends per share. I intend to increase my position in ENB by 10x my current position as events unfold as the company has been clear about its intentions and they have been very proficient at achieving their goals.
If the price of ENB shares only goes up by $10 per share as suggested by the Wells Fargo analyst as part of his downgrade to a neutral strategy, I will be ok with that while collecting $3.24 per share in dividends while I wait. While I might be enticed to sell when the share price gets back in the 50's where you can unwind your mistake, I will more than likely sit back and play the long game like Sarge on this one.
Other than the couple of years where the ENB share price dropped due to the street being impatient after ENB's purchase of Spectra which has set ENB up beautifully for the next 20 years, the chart for ENB has been exemplary. As such, ENB is one of the few companies that has raised its dividend every year for 25 years and they have been prudent with their decisions on the dividend rather than careless like so many other companies.
ENB's assets are going to increase in value over time as others turn their backs on the pipes due to political pressure. Politicians come and go, but people need to heat their homes and businesses and put fuel in their vehicles. I fully expect that the highly capable management team at ENB will be at the leading edge of renewable energy long before the demand for oil and gas disappear. In the meantime, the management team at ENB is happy with their strategy and I, as a shareholder, am happy with management (or I would sell).
Your constant complaining about ENB being a dog is ridiculous. You made the mistake of paying too much and not getting out. That is on you, not the company. Every time you rant about the company, everyone interprets it as you lashing yourself for your own stupidity. Get over it.
Hold and collect the handsome and reliable dividends, or sell and move on. If you didn't like the company, you would not have bought shares. If you actually thought the company has been misguided, you would have sold your shares like any rational person.
Maybe you should get a dog or take long walks on a beach or whatever floats your boat. Life is too short to fret over a mistake.