Reloaded this morning Thanks Middlefield. I'm happy to be back in.
This time around, Middlefield used the Premium on the Prefs as the driver of the deal. Pref shares across the board have been up due to the FED indicating that rate cuts were likely to come later than sooner and potentially only 2 cuts as opposed to 3.
Lower rates are coming, it is just a matter of time. When rates go down, ENB will go up as its high divi will win the battle of attraction for investors seeking income.
The ENS share price will always bounce around but as long as ENB stays above $33, the ENS divi should be fine. The ENS divi gets a bit safer every year as ENB raises its divi.
Now that I'm back in, I might post a bit. However, I have shared my strategy and how I keep score so that I can anticipate when to exit before a Raise in the past so I don't have anything else of value to share.