RE:RE:RE:RE:RE:RE:RE:Support @ 49.44-49.08-48.76 Resistance @ 50.12-50.44-50.80Hey Walt
Interesting on holding ENB for so long. It really has been a rough one over a 10 year period. The Spectra take-over really caused a lot of pain for quite a while.
As I've mentioned, we got into ENB indirectly in Sept, 2018 with the ENF roll-up. We did really well with ENF and the timing for the roll-up was quite good as we got into ENB at 44.44 and have added since for an average purchase price of 44.58. With the big divys, we are in good shape with it. Also as mentioned, it is only 1 of 17 main stocks we hold so the ups and downs are very easy to take.
My opinion (and as always, take it for what it;s worth) is that I'd sell 1/3 of ENB now for TRP but I'd hold off for a week or two on the other 1/3 for EMA. It sure does seem that ENB is going to bounce a bit at some point in the near term whereas EMA is more likely to be flatter.
Good luck with it.
Sarge
WalterWhy wrote: Thanks, Sarge--glad to hear all is well. I actually have zero TRP exposure, so for me the move is more about diversifying. I know everyone says that what is happening to ENB is "just noise" and that it will recover "eventually", but I've been in the stock for the better part of a decade and, other than the dividend, I don't really know why I'm in it. Yes, it's somewhat stable, but at the same time, it's underperforming any market index I look at (and pretty much every other stock I own) over my holding period.
Every index is up from pre-covid levels and ENB is about 20% under pre-covid level. It's frustrating and I'm gonna vote with my feet and sell 2/3 position and replace with TRP and EMA.
Take it easy, Sarge.
WW