Up againENS had another good day today as the share price has increased 6 days in a row. That's a good thing.
On the negative side, the price of ENS outpaced the ENB share price again today. That makes 3 days in a row.
When ENS outperforms ENB, there is always a nagging thought about the Premium in the back of my mind. As of today, the Premium to the NAV has jumped over 17%. There is no need to worry about Middlefield doing a Raise as long as the premium is under 20%.
I will be watching to see if ENS outperforms ENB through the end of the month. If it does, it might be wise to step to the sidelines in case Middlefield decides to get greedy and do a Raise early in December. I will let you know if/when I step out hoping that I can buy back at a lower price. If I do hit the sidelines, it will only be for a trade as I intend to hold onto my ENS shares until I see a reason to change my mind.
Have a good weekend .