RE:RE:RE:move to shut oil pipeline if talks failfreedomfiddy wrote: WALTER - With the share price down 1.2 % already this morning, I don't think the market is seeing this as positive....
I would agree with you--the market just reads the headlines. Having said that, a bunch of pipelines/utilities are down over 1% too (i.e. IPL, ALA, etc.), so it could be partially that. I read somewhere that because ENB has a large float and is cross-listed there is a lot of liquidity, resulting in institutional investors taking large short positions in ENB in particular when they want to take a short position in Canada generally. Given that the federal government has done nothing to help investments in Canada and all the recent scandal news, I'm not surprised that sentiment on Canada is somewhat negative.