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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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Comment by Obscure1on Apr 22, 2024 8:06pm

RE:RE:RE:RE:RE:RE:ENS goes from scary to a bargoon in two days

hi cttglvr I was writing a long explanation out but TLDR came to mind. My takes:  * Prefs are the domain of the Buy Side (funds) driven by interest rates while Commons are the domain of the ...more  
Comment by Experiencedon Apr 21, 2024 11:11pm

RE:RE:RE:RE:RE:RE:ENS goes from scary to a bargoon in two days

ct....couple of great questions... Obscure may have more to say on this topic. In regards to the ENS preferreds vs the Commons, they really two very separate animals. There is no particular reason ...more  
Comment by cttglvron Apr 21, 2024 9:28pm

RE:RE:RE:RE:RE:ENS goes from scary to a bargoon in two days

If you don't mind I have a couple of questions for Ex and Ob. 1. ENS.PR.A traded triple the average number of shares closing up 6 cents at $9.88 Friday. It did trade as high as $10.00 which would ...more  
Comment by Experiencedon Apr 20, 2024 11:50am

RE:RE:RE:RE:ENS goes from scary to a bargoon in two days

Obscure.... Your script is exactly the "book script" when I worked on the Street.  You may well have used it yourself at one time...lol When I worked on the Street, I had a very ...more  
Comment by Obscure1on Apr 20, 2024 11:29am

RE:RE:RE:ENS goes from scary to a bargoon in two days

"I suspect that if we hadn't seen such a good day for ENB, the SP of ENS would have fallen by quite a bit." One would think that would be true, but the trading patterns often don't ...more  
Comment by Experiencedon Apr 20, 2024 9:30am

RE:RE:ENS goes from scary to a bargoon in two days

ct....you kinda answered your own question with your post The disparity between the price action is reflective of the high premium that retail investors had assigned to ENS and then got worried about ...more  
Comment by cttglvron Apr 19, 2024 7:47pm

RE:ENS goes from scary to a bargoon in two days

I was very surprised at the ENS stading today but like you said...many holders don't know what they own. When I saw the premium drop so much today with ENB up over a buck, even though I'm ...more  
Post by Obscure1on Apr 19, 2024 6:46pm

ENS goes from scary to a bargoon in two days

The Premium to the Coomon NAV was over 15% at one point on Wednesday which is higher than when Middlefiled did the Raise a week ago (note that the Premium on the Prefs helped make the last Raise ...more  
Comment by Experiencedon Apr 19, 2024 4:19pm

RE:The pros will be pros

Good point Obscure.... Couple of things.. 1....yep it is difficult to be a precise and nimble as the pros.  Both of us have worked on The Street so we know what the pros do.  As retail ...more  
Comment by Experiencedon Apr 19, 2024 2:14pm

RE:Don't let your emotions get in the way

Great Explanation Obscure... Thought I might add a couple of things... As I mentioned before, most splits trade at a premium to their NAV and a good strategy, if one agrees with my view that splits ...more  
Post by Obscure1on Apr 19, 2024 10:37am

The pros will be pros

The pros know exactly how to play ENB when ENS does a RAISE.  They take the share price of ENB down at the start of the week following the announcement to grab shares from retail investors that ...more  
Post by Obscure1on Apr 19, 2024 10:17am

Don't let your emotions get in the way

Ganyman61:  I will try to answer your legitimate question inquiring in two parts.   1) The ENS stock isn't supposed to go or down.  The ENS share price should move according ...more  
Comment by Experiencedon Apr 19, 2024 9:49am

RE:RE:RE:Another Raise could be imminent

Ganyman... As far as I am concerned, split share stocks are not long term holds.  They are trading vehicles.
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