RE:RE:RE:RE:May 4 Massacre - Bought Morefreedomfiddy wrote: Walter, I'm just saying nothing would surprise me. Who knows what has been factored in, and what hasn't. Just remember, it wasn't all that long ago ENB was sub-40. Walter Why Wrote "You don't think that the 5.5% drop today is already factoring in a revised (lowered) outlook for next year? ENB just had about 3.8 billion in market cap wiped off due to this 1-year delay."
I hear ya, FF. I'm of the same view. As a retiree, I am largely dependent on dividend income, and carry an overweight position in ENB (and, sadly, ALA). I had planned on selling my individual stocks this May to rotate into more international exposure. My view is that Trudeau is too focused on a short-term desire to capture the millennial vote than to do anything to help the Canadian economy / large infrastructure project, and I believe that in investing, you gotta follow the money. Like you, I had my finger over the "sell" button on Friday and am still kicking myself for not doing it.