E Split Corp T.ENS.PR.A

Added again today

[Obscure1]

Bought 2,600 on a partial fill earlier in the day at $10.65.  I was feeling pretty smart as the price moved up to $10.95.  Then the market showed me once again who the boss really is as the price dropped back down to $10.67 at the close.  So much for ENS investors digging in.  

The model predicts the end of day NAV to be $9.40 which includes the $0.01 hit every Monday. 

With ENS closing at $10.67, that puts the premium back up to 13.5%.  

I'm not loving being down on my investment in ENS, but my cost now yields 13.2% as long as ENB doesn't drop down into the low thirties.  Buying at current levels yields 14.6% on the purchase.  At some point, clear thinking investors will buy up all of the shares from weak hands and life will return to normal, whatever that is now days.

[cttglvr]

Thanks for sharing Obscure. I wasn't so brave. My last buy was Friday at $11.21. When I saw the Market today I took my kayak to the Pinery Provincial Park and paddled 12km as the weather here is amazing. I still have a few hundred Enbridge shares bought in 2020 at an average of $40. I never thought we would be back near those prices again. Oil is not minus $35 a bbl, it doesn't look like

[Obscure1]

I have never been to Pinery.  I did put in 18km in my lil green bathtub (a beginner 10' Pelican kayak my kids bought me for Father's Day) a week ago Saturday.  Three hours is a lot of strokes for an old geezer like me but it felt good pulling up on the beach.  I'm not smart enough to pick a bottom.  I look for good companies with great management where downside

[meritmat]

  my man.   Nice pick up.  Boy wish I had some more cash.  Very tasty yield