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Bullboard - Stock Discussion Forum E Split Corp T.ENS.PR.A


Primary Symbol: T.ENS Alternate Symbol(s):  ENSRF

The objective of the Class A shares is to provide holders with non-cumulative monthly cash distributions and the opportunity for capital appreciation through exposure to the portfolio. And The investment objectives for the preferred shares is to provide holders with fixed cumulative preferential quarterly cash distributions and return the original issue price of 10.00 Dollars to holders upon... see more

Bullboard (TSX:ENS)

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Post by Obscure1on Jan 08, 2024 12:14am

A bit of a deep dive on ENB's "generational opportunity"

This post will be a bit abstract to many but important to my decision making process.  The guys on both sides of the Dominion acquistion by ENB are smart so it is not like I'm inventing the ...more  
Post by Obscure1on Jan 06, 2024 2:04pm

Building out a target price for ENS

There is no point in buying or holding ENS if you think that the ENB share price is going to go down and stay down.  Recent (as in within 60 days) revised price targets for ENB from 8 analysts ...more  
Comment by Experiencedon Jan 06, 2024 12:57pm

RE:RE:Premium continues to shrink

cttglvr...good question The Bs were reset last year for the next five year term so the dividend stays constant until 2027.   The short answer to your question is that once the 5 year dividend ...more  
Comment by cttglvron Jan 06, 2024 1:05am

RE:Premium continues to shrink

ENS is my largest holding at this time. With regards to Obsures1 comments I totally agree. While out for my daily hour walk...kayak is in dry dock...I met a fellow retired NOVA employee. He commented ...more  
Comment by Experiencedon Jan 05, 2024 7:40pm

RE:RE:Premium continues to shrink

cttgivy...yes absoluely! Middlefield is in the business of making money. The more they can increase the number of shares outstanding the more they make in management fees. That's why I said to buy ...more  
Comment by cttglvron Jan 05, 2024 11:17am

RE:Premium continues to shrink

Middlefield won't be printing more shares for some time at this rate. I agree it's an opportunity especially with more upgrades from analysts on Enbridge.
Post by Obscure1on Jan 05, 2024 11:13am

Premium continues to shrink

At the time of this message: ENB = $49.11 (7.45% yield) ENS = $12.07 (12.92% yield) Live NAV = $11.52 Premium to NAV = 4.77% No love for ENS = opportunity 
Post by Obscure1on Jan 04, 2024 11:34am

Premium to NAV continues to tighten

At the time of this post: ENB = $49.03......yield 7.51% ENS = $12.07......yield 12.96% (73% higher yield than ENB)  Live NAV = $11.63 Premium to NAV = 5.05% The spring continues to tighten for ...more  
Comment by Experiencedon Jan 03, 2024 3:12pm

RE:Investing strategies

Obscure...a few thoughts... As you pointed out in a response to my earlier post about paying more than something is worth you made an argument for why there should be a small premium assocaited with ...more  
Post by Obscure1on Jan 03, 2024 11:57am

Investing strategies

Experienced: A "buy low - sell high" strategy is a good strategy that seems to work for you. Good on ya! The 13% yield that ENS generates via a partial tax-deferred monthly income ...more  
Comment by Experiencedon Jan 03, 2024 8:40am

RE:RE:RE:Happy 2024

Obscure - I think you are overthinking this. As you know from my posts on other Boards that I try to simplify things.  In the case of ENS just buy ENS when the premium is low (3-7%) and then ...more  
Comment by Puma1backon Jan 02, 2024 10:05pm

RE:RE:RE:Happy 2024

Both these stocks spiked right at the beginning of November and then moved differently. Between November 6th and November 28th Enb closed at the same price - $46.37 and in between was choppy around ...more  
Comment by Obscure1on Jan 02, 2024 7:08pm

RE:RE:Happy 2024

Puma: It appears that it took Middlefield about a week to fully deploy the funds from the Raise into more ENB shares.  I can't be certain of exactly how much was invested and how fast, but ...more  
Comment by Puma1backon Jan 02, 2024 6:16pm

RE:Happy 2024

have you factored in the capital raise and presumably larger holding of ENB shares in that NAV or the old disclosures?  
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