RE:RE:RE:Line 3 and Line 5I read somewhere that Line 3 alone was worth about CDN$3 to CDN $4.50 a share.
Regarding Line 5, I would speculate that the impact is slightly less to approximately the same per share. ENB went from CDN$51.20 (May 28) to CDN$45.50, in less than two weeks, so the market is definitely pricing in both potential outcomes. Shorts appear to be in control as everyone knows that a positive catalyst is not likely to come in the short-term. I'm with the growing chorus of individuals that think Canadian government needs to make a big move fast (other than all the talk and virtue signalling), or we need to vote in someone that can/will.
Sirius1421 wrote: freedomfiddy wrote: WALTER - I don't think Enbridge is going bankrupt without these two lines...lol, but let's joust hope there are no accidental spills in the meantime while all this plays out.... Walter Why wrote "Does anyone have any thoughts on ENB and its assets that are not Line 3 and Line 5? I read the news and all the financial analysts seem to talk as of the entire future of the company is dependent on these two lines, but doesn't ENB have good assets that are not Lines 3 and 5. For example, I'm thinking about all of the Spectra assets. I understand that getting additional the additional 360k capacity through a new Line 3 will obviously grow free cash flow, but why does everyone treat it like the entire stake of the company is vested in these two lines. Any thoughts?"
What would be the impact on earnings if LInes 3 and 5 were shut down permanently?