OK..IT HURTS ME TO SAY THIS, BUT...First, disclosure I have a substantial number of ENB shares...plus some ENF.
Like most of you, we have enjoyed the "solid" predictable dividends. I'm retired, so dividends are my mainstay pension.
OK, so let's roll the clock back to era 1992. Transcanada Pipe cut their dividend, and what happened to the share price? Well, rough figures, it went from the low twenties to a low of $9.95!!
I hate to say this, but I smell a dividend cut for ENB, because for two reasons:
1.) ENB hopes it will result in a rebound in the share price, ....er maybe.
2.) ENB is drowning in debt and perhaps the reality is the stock is only worth; for example $25.00
The present government is doing no favours for pipeline/utility companies. Sadly, Ontario and Canada are saddled with left wing useless government leaders, and I use the term "leaders = mis-leaders".
This is just my humble opinion.....would be grateful for inputs on what I have said.
Best............SHUMBA