RE:RE:Do not buy at these levelsEnb's " share price movement direction is in sync with the oil price"
Hmmmm, ya don't say ?
Ckwong wrote:"Very good suggestion. Although ENB does not buy / sell oil but its share price movement direction is in sync with the oil price. Oil price rises from U$60/70 without any supply disruption for the North America. When the Ukraine war drags on, oil story will not support the U$100 oil price. In previous wars, the oil price was at U$150 level as soon as the war broke out.
Consider other factors, if LNG is shipped to EU, ENB should be benefit. If recession is coming, oil demand will be reduced. The possiblity of ENB goes up is less than going down. More, ENB may be dragged down by the market when the interest rate continues to rise until year end."