RE:RE:RE:RE:RE:Sell the news opportunity coming upHey Sarge,
Always good to hear from you. I exited about 1/4 of my ENB position and half of my NPI position on Monday morning as part of a portfolio re-balancing, so have some cash sitting around, but not quite sure what to buy.
Point taken on ENB being a long-term investment given its never-ending stream of regulatory and court hurdles before they can get boots on the ground, but do you mean that ALA is a better near-term play?
Of the names we had previously talked about, the only other one that's under an approx. 5% weighting that I can allocate to is BPY, but that one seems to be a chronic underperformer and I'm a bit hesitant to invest in a real estate/mall play with Coronovirus still in what appear to be the early stages (although the distribution is nice and juicy). The last two days have wiped out approximately half of my YTD gains, which is a bit of a punch in the gut. Although I suppose I'm learning to deal with the roller coaster.
Thanks again,
WW
SargeX wrote: Hey Guys
My wife and I hold both (as well as 5 other TSX utilities and 4 other midstream companies). This means we never have to think of it in terms of one or the other.
Having said that, I really think ENB is a way, way, way, way (getting the picture) long term investment.
Ciao
Sarge
WalterWhy wrote: Hey Corvette--I was thinking of doing the exact same.
Both have been getting hammered these past few days, but ENB has the higher dividend and more upside in my view.
corvette67 wrote: If they don't increase the divy on Friday , i will also switch to Enbridge. GLTA