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

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TSX:ENS - Post Discussion

E Split Corp > Premium to the NAV is negative again

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Post by Obscure1 on May 06, 2024 3:52pm

Premium to the NAV is negative again

My Live NAV model is currently showing the ENS share price at a discount to the NAV.

It doesn't matter to me if anyone buys or sells as I have a full position on and have no intention of buying or selling for the forseeable future (which could change at any time if ENS doesn't track ENB according to its ownership position).

Saying that, if anyone is wondering IF they should be picking up some ENS, this is the time to do it imo. Buying ENB at a discount while collecting almost double the yield which is paid monthly is just too good to ignore.

I don't know what ENB's earnings numbers are going to be on Friday. I don't know when (or perhaps even if) ENB will close on the other 2 Natgas distribution deals but I hope we learn more on Friday. What I do know is that ENB has raised its divi for 29 consecutive years and mgmt has given every indication that its operating plans are based upon continuing the trend.

ENB is a little too conservative for my liking which is why I use the leverage offered via ENS to spice things up a bit. I think every income seeking investor should consider having one of the two in their portfolio. But heh, the markets exist because everyone has a different opinion.