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 > ENS is a bit oversold today

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Post by Obscure1 on Jun 28, 2024 10:42am

ENS is a bit oversold today

With ENB up $0.24 at the moment, ENS should be up $0.105. Taking the divi into account, ENS should only be down $0.025 instead of being down $0.08. Since there are only 100 shares on the bid at $11.14, ENS is essentially down $0.11 or more if you are trying to sell. Therefore, it is a day to buy if you are so inclined.

The lack of liquidity for ENS creates inefficiencies that alllow for trading opportunities most days.

In acknowledgement of Experienced's good natured jab, I typically only trade 5% of my position with the balance in "set it and forget it" mode.