Enbridge Inc T.ENB

Alternate Symbol(s): ENB | T.ENB.PF.A | T.ENB.PF.C | T.ENB.PF.E | ENBOF | ENBFF | T.ENB.PF.G | EBBNF | T.ENB.PF.U | T.ENB.PF.V | EBGEF | T.ENB.PR.A | ENBGF | T.ENB.PR.B | EBRGF | T.ENB.PR.D | EBRZF | T.ENB.PR.F | T.ENB.PR.H | ENBHF | T.ENB.PR.J | ENBRF | T.ENB.PR.N | ENNPF | T.ENB.PR.P | ENBMF | T.ENB.PR.T | T.ENB.PR.V | EBBGF | ENBNF | T.ENB.PR.Y | T.ENB.PF.K | T.ENB.PR.G | T.ENB.PR.I | T.ENB.PR.Z

Energy Oil & Gas Midstream

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. Energy Services provides physical commodity marketing, logistics services, and energy marketing services. The Company owns Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility.

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Enbridge Inc > Investment re-iteration = Green Bad, Oil Good

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Comment by SargeXon Jan 14, 2021 2:07pm

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Post# 32298254

RE:RE:Investment re-iteration = Green Bad, Oil Good

Hey NPC

We have a full position in all of ENB,TRP, PPL, and KEY and very close to a full postiion of IPL. Part of our investment stratgey is to keep book value% < 5% for an individual stock to spread our investments around.

I'm considering doing some short term trades on it if I can get in sync with the price movements.

Ciao
Sarge

NPCexe wrote: Why don't you take that trim and buy ENB? I still think it's undervalued despite the line 3/5 risks.

SargeX wrote: I've been getting a few private messages asking about stocks and portfolios so I thought I'd share some thoughts for those interested.

I know a few people don't like my posts so all i can say to them is "don't read them".

Anyway, as I've been saying for a little while, anything green including the pure renewblres is grossly over-priced and headed for a 10-20% correction in the next months. On the other hand, the midstreamers are grossly under-priced and headed for a run-up.

I didn't think it would be this quick but I think these moves are now underway. As mentioned, we sold all our BEP.UN and had tiimmed 30% of our NPI. I just trimmed another 800 shares of NPI this morning at $47.22. It's a big capital gains (as our avg buy price is $21.39) but I managed to do some good Excel/Taxtips tax work to sneak it in and avoid OAS clawbacks.

I'm not sure what we'll do with the dough as we have full positions in everything we like. Maybe use some of it for trading and give some extra to the kids & grandkids.

On ENB specifically, I still think it is going to hit $50 sometime by end of May. I'm not sure if it will be able to hold that price as there is going to be a fair amount of trading and speculating on it. Bottom line is I wouldn't be selling now.

Ciao
Sarge