RE:RE:Writing covered calls for ENBFreeAtFiddy wrote: LiLY - Wow, ANOTHER poster commenting on how disappointing Enbridge share price has been ? And for a minute there I thought it was just me thinking Enbridge's shares sucked kok.
And wadda ya mean the dividend isn't guaranteed ? Isn't Enbridge a 7 % GIC ? Ask anyone on this board, and they'll tell you it is.
Lily wrote :"I own a large number of shares of ENB. Other than the generous dividends (which is never guaranteed, by the way), this stock's performance is disappointing. With the green light for line 3, and the recovery of oil price, I was hoping the share price would be propelled into the high 40's by now. But I still can't find any other stock within the same industry that can be more diversified, and so I keep on holding it.
I'm thinking about writing covered calls to boost its return. If you've written these calls, or are planning to, can you share the strike price and how far into the future they are to expire?
Thank you for your help. "
underpeforming is understatment. I have done so well with KEY , PPL. Holding this for now and most of the great opporunity such as CNQ is long passed. Don't mind the yield but growth is not here yet to uncertainity. Hope once the political clouds clears we can see ENB particpiate in upward movement but for now it is hold