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Bullboard - Stock Discussion Forum E Split Corp T.ENS

Alternate Symbol(s):  ENSPF | T.ENS.PR.A

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

Bullboard (TSX:ENS)

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Post by Obscure1on May 21, 2024 1:29pm

A trading idea to consider

First off, this strategy only applies to ENB shareholders that dont have a much lower cost base as selling obviously triggers a capital gain As a side note, you might consider triggering a capital ...more  
Comment by ANALOG GUYon May 20, 2024 10:12am

RE:Got my interest

Doing some DD 2 years ago ENS was $16.50, ENB was $57.50 Today ENS is down 29%, ENB is down 13% ENS has done 4 Overnight Equity raises in the last 10 months , Yikes  More shares = ...more  
Post by ANALOG GUYon May 17, 2024 7:57pm

Got my interest

Stumbled on this stock today  Never heard of a split fund with only 1 holding but I guess ENB is as good as any I hold a fair bit in Preferred split shares but no Class A shares  ...more  
Comment by Experiencedon May 16, 2024 11:33am

RE:ENB announces a $2.75 billion equity "at the market" raise

Obscure…a few thoughts As I mentioned before here and on the ENB Board, ENB was assuming considerable short term debt with acquisition.  At the time I suggested that ENB was counting on interest ...more  
Post by Obscure1on May 15, 2024 8:09pm

ENB announces a $2.75 billion equity "at the market" raise

That equates to 55 million shares based upon $50 per share.  To put that in perspective, it represents about 5 days of trades on the open market which proably means about 10 weeks of actual ...more  
Post by Obscure1on May 14, 2024 3:44pm

ENS NAV still at a discount after expected ENB ex-divi drop

The share price of ENB has dropped by more than the divi today as expected ENB is currently trading at $50.55 (down $1.13 made up of $0.915 + $0.22.  The drop is even less than the last time ENB ...more  
Comment by marcroberton May 13, 2024 12:44pm

RE:RE:ens premium

All in all, "ENS is a pretty safe bet which will continue to get safer over time as long as ENB doesn't do something stupid", agree you hit the nail on the head. but ENS ...more  
Comment by Experiencedon May 11, 2024 6:19am

RE:Live NAV for ENS is $12.19

Obscure....thanks for then nfo as usual I bought some ENS yesterday ( a small position since I already own quite a bit of another split share commons and some of its preferreds). As I mentioned in ...more  
Comment by Ganyman61on May 10, 2024 7:29pm

RE:Live NAV for ENS is $12.19

What's holding it back from trading at a 15% premium?
Post by Obscure1on May 10, 2024 11:29am

Live NAV for ENS is $12.19

At the moment that I'm writing this, you can now buy ENS for $0.26 below the Net Asset Value of the Common shares.  Does that matter?  I guess not unless you are a Pro.  ENS has ...more  
Comment by cttglvron May 09, 2024 11:55am

RE:RE:ens premium

Thanks as always for your detailed message Obscure1. It's always an enlightening read. Middlefield also runs another real estate split RS. They also did another raise on this split mid April. Yes ...more  
Comment by Obscure1on May 08, 2024 7:01pm

RE:ens premium

 aGood question marcrobert, but no easy answer. My model after the close shows ENS at 99% of the NAV which equates to a 1% discount to the NAV Math is math.  The problem is with the humans ...more  
Post by marcroberton May 08, 2024 2:30pm

ens premium

used to have 10+% premium over nav, yesterday it was 0, today under 2% while enb is flying higher.  what's wrong here? 
Post by Obscure1on 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 ...more  
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