RE:RE:RE:AcquisitionI like all strategic US acquisitions and hope they will move most operations slowly to the US to take advantage of better tax breaks and a friendlier political environment.
There is no love story in Canada between current fed gov and the industry. I think it's about time ENB increases their US footprint operations and realistically take a good look south of the border to find a tax friendly state for headquarters. A company of ENB magnitude should be appreciated, not put against the wall every chance possible. If they were to move to the US ... they can negociate huge of tax breaks at state level.
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schoolinmoe42 wrote: ckwong wrote: One of the indicator I use to gauge a good investment is how deep the moat the company built.
Enbridge is in the business of deliverying energy, green or black. The black (hydrocarbon) business will not fade away in next decade. Pipelines that deliver oil can also be converted to NG. Yes it has to get the authority's approval but who will DARE to refuse to give up oil (the evil) to NG (the greener).
Enbridge's delivering within North America is fairy stabile for the current business. But the arising business is LNG export. To control the end to end delivery, owning port is a must. This is to build a deeper mode.
I would see Enbridge could acquire more terminal in North America and off-shore.
lol...when we last discussed shareprice increase...and you mentioned divi increase, thinking this acquistion was not in the cards.....therefore....fair game if you wished to revise your earlier..divi/shareprice increase....lol......nice to have those kind of problems....lol