Post by
Obscure1 on Nov 17, 2023 10:00am
Live premium to NAV is 13%
ENS is my favourite holding these days. Collecting 13.3% with almost zero risk of the divi being cut while we wait for lower rates is about as good as it gets in this market.
With the economic numbers stumbling, there is more talk about the FED cutting sooner than expected.
Any market adjustment towards lower rates, real or perceived, will have a powerful positive effect on the share price of ENB
In bad economic times, all stocks go down but ENB does better than most as it is as "economy proof" as any stock. Lower interest rates will more than offset slower growth in the economy for ENB
When I first read about how US midstream companies turned down the Dominion acquisition, I was not too excited about the deal. Upon further research, I think the acquisition is actually going to be a SOLID win on a very large scale acquisition. The company is now projecting 8% CAGR on the deal which is better than the overall performance of ENB overall. It won't be a HUGE win like the LNG acquisition a couple of years ago but a win is a win.