RE:RE:RE:RE:RE:RE:ENB.T $ 54.08 ;>OAbout where the s/p goes next? Historical data indicates it will probably move up a little bit more with the market, then drop.
As you all know energy market is on fire. Including ENB. But the real story is the oil producers again. Anyway here is my thinking.
I mentioned that I am waiting for SU to report. If SU results are good or great ENB will get a push, it's the tide that moves all boats. Keep in mind ENB at this point in time is already 10% up in 2022. Can it move past resistance @ 56 short term? Or maybe it will go another 10% to $59+ (current s/p @ 54.5) before ex div? Not likely IMO. Let's say it moves past @56. Can it sustain the momentum? Doubt it. Now on the opposite scenario >> Can it drop to 52? More likely IMO. What if SU misses? That's a different story ... depends how much but it will affect market sentiment and we may see some downturn volatility. To sumarize, given a $2.5 swing ( roughly 3 times q div), do you think the stock would rather hit $57 or $52 in the next 2 months? Do you think the think the market will go in one direction only, with no corrections? I'll leave this questions with the board members.
Anyway, ENB has been very good to me. Not as good as other stocks, but whenever I sell it feels like I say good bye to an old friend.
GLTA
NPCexe wrote: Silkos, you actually think after good ER that ENB can return to 49ish levels? I hope you're wrong, lol.. but history has shown that this is possible. I'm hoping L3 will change the course of ENB and we will never see under 50s for the foreseeable future. But if your spidey senses are tingling, go for it! All the best
silkos wrote: Hey Autofocus,
Had a full position in ENB. Sold 50% today. It entered overbought territory, Planning to sell the rest after SU reporting, which I think (and hope) will lift the entire energy sector.
I have been in and out ENB a few times already. I found that is worth trading it.
It's a great company GLTA!
autofocus111 wrote: DeanEd " thought so too, sold everything I had left. " After the overhang of years fighting to get L3RP built finally gone and oil now firmly in the recovery stage you sell? ENB is going to 60.