RE:RE:RE:RE:RE:Line 3SU was just a reference. The post was not about SU though or SU fin results (not sure why you say they missed but it is not relevant). They have other problems though with production forecats / cost / no div + share buyback policy. Their biggest problem is institutional investors MOVING OUT.
Back to ENB, I was merely asking a question out there ... if everything seems so rosy and gay, why institutions did not jump in yet? Cause they're stupid and we're smart?
Quintessential1 wrote: SU had an earnings miss based on consensus estimates for Q2 and reduced cap-ex. The market isn't going to reward that. SU is also a producer Enb is a pipe. There is no comparison to Enb with the possible exception that Enb makes money from SU and they are both in the energy sector.
silkos wrote: That remains to be seen, I hope it will create a new base north of $50. Don't get me wrong I am bullish on ENB, however SU posted big numbers yet it got slammed. So we'll just have to see how the market will react and how large institutional interest will be.
I can't imagine that fund managers don't know what's going on with ENB L3. I am wondering why the volume didn't pick up yet? It's very likely they expect a drop soon (a better entry point) or they want to see the numbers before they go onboard. Or it could be that they don't want to touch energy holdings period.
September market will be turbulent for sure. It's gonna be fun.
Quintessential1 wrote: The news of Line3 opening won't be the catalyst for share price gain itself, it will be the increased capacity and the rise in earnings in the following ER. You can't argue hard numbers.
Go Enbridge! ;-)
FiddyFiddyOddz wrote: The last two positive news releases concerning Line 3 have resulted in a DROP in share price. If past performance is anything by which to judge, the share price will probably DROP again once the announcement is made that Line 3 is fully operational.
Maybe Al Monaco is wondering what the hell is up with the share price too, perhaps that's what triggered him to shuffle his upper management.
The Dog wrote:"It is anticipated that Line 3 will open up in the next month. Do you think that this should give Enbridge a pop? You can't beat the dividends or the current share price. "