Line 3I recall the line 3 decision is around June 25? I could not find anything recent about the date. Does anyone know the expected timing of the decision?
If that decision is positive we should have the short quanitity reduced. Remember enbridge was in the low $60s a few years back before they became a larger and more diversified company.
If we get a positive decision the debt levels will be the only thing weighing down the stock. As people cover their shorts we should see quick movement to $50.
I do not anticipate much change in the shorts for mid June.